Markets around the world have been roiled this month by uncertainty about China’s economic growth and the ineffective reaction by local authorities to the turmoil. While traders have taken most of the pain so far, there is a wider — more insidious — impact that is spreading to companies far behind China’s shores. With the country’s economy growing at its slowest pace since 1990 , according to official statistics released on Tuesday, some industries, including mining and cars, are far more exposed to the slowdown than others. However, few are likely to escape some reshaping of their future prospects as a result. Outside Asia, Latin America is particularly vulnerable with 10 per cent of its exports headed for China, and Europe will feel the pinch more than the US. “China has set off a major correction and it is going to snowball,” warned Andrew Roberts, head of credit […]