How China’s economic slowdown affects other countries

The wide-ranging effects of China’s slowed economic growth can be hard to conceptualize, but the Wall Street Journal takes apart three separate subplots – oil exports, Chinese university students in Australia and reduced consumer confidence – to show just how far the ripples extend (watch, runtime 02:58). To take that last example, reduced consumer confidence produces reduced retail sales as consumers put off big purchases like smartphones. Manufacturers of semiconductor chips in South Korea, where the industry makes up one-fifth of total exports, then report losses. This, in turn, effects output facilities in China, where less work feeds back into the loop, lowering consumer confidence.