China’s Golden-week National Day Holiday Brings Tourism Peak China’s slowdown is already playing out across the world, dragging down commodity prices and weighing on trade partners. And that’s while the economy is still growing at about 7 percent. So imagine what happens in a hard-landing scenario. The crew at Oxford Economics have done just that in a new report that makes stark reading for anyone with a stake in the global economy. China’s economic boom of the past 30 years means it now accounts for 11 percent of world GDP and around 10 percent of world trade. For resources, it’s an even bigger player, accounting for 11 percent of world oil demand and 40 to 70 percent of demand for other key commodities, according to the Oxford Economics research. Its financial system is massive, with its broad money supply now larger than the U.S.’s and amounting to over 20 […]