EconoMeter weighs the relative impact of a Chinese downturn
Q: Would the California economy benefit by a sagging China economy?
Bob’s Answer: No.
California is a leader of the global economy and a sagging Chinese economy will inevitably be a drag on California and the world. That is not to say that there will not be bright spots. We hoteliers benefit from continued outward travel of Chinese tourists and the state does not rely heavily on Chinese imports. California’s economy has proven its resiliency time and again so no matter what happens, the Golden State will continue to shine.
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