China : Great Wall, Great Mall, Great Fall ? Not really …

Cracks in the Wall, Euler Hermes core scenario for China (60%likelihood) envisions growth of +6.8% this year and +6.5%in 2016, costing the world 0.1pp of GDP growth so far. Lower export growth, decelerating investment, less favorable financing mix and misperceptions of policy orientation are the underlying causes for this slowdown; the stock market crash was a mere artefact. Discover in this document, what does it mean for credit risk, which sectors are at risk, and who is impacted outside China?

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