Multi-national corporations from India, United States and Singapore are worried much more about the underlying problems of the Chinese economy and their impact on the world financial and commodity markets than the Greece crisis, according to an Assocham report. It said that since China is the second largest trading partner for both Europe and the United States, it goes without saying that any issue with the health of the Chinese economy is not good news for rest of the world. The Assocham prepared its paper mapping the global financial situation based on inputs from its overseas offices in the US, Europe and South East Asia. The Assocham report adds that India, too is affected as some of the big firms which had announced mega investments in the steel, aluminium, copper and other metals, are revisiting their plans in the wake of sharp erosion in demand, prices and profitability.
News On AIR | July 24, 2015 7:37 AM
Global companies more worried about problems in China than Greece