U.S. Recession a ‘Win-Win’ For China

U.S. Recession a ‘Win-Win’ For China

A U.S. recession may actually help rather than hurt China’s economy, according to a senior Chinese government researcher.

A slowdown in U.S. consumption might not necessarily lead to the reduction of its imports from China, says Mei Xinyu, at the Chinese Ministry of Commerce.

As an added bonus, a slowdown is likely to make U.S. technological imports to China cheaper, fostering development of the Asian giant.

"We will be able to transform the economic crisis of a developed country into an opportunity for the development of China,â€