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As a direct result, (although relatively unlikely to happen) if China’s economy does stall or even collapse, it would definitely affect many countries worldwide, especially the smaller Asian countries that neighbor China, as well as large industrialized countries such as the US.
China’s international trade pattern is very peculiar: while china imports most of its stuff from neighboring countries such as Australia, Japan, Taiwan, and Korea, most of its exports go to the US. This results in China having a significant trade surplus with the US, and this is both beneficial and harmful to both countries: The US can get cheap products made in China, but Chinese people cannot afford to buy products from the US; on the other hand, importing so much items from China is bad for the US economy because it disrupts its balance of trade...
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