COMMODITY BLUES

摘要

"When the u.s. sneezes. The rest of the world catches a cold."That old adage described how trade and financial links transmitted economic weakness around the globe.Today's sneeze is Chinese, and emerging-markets countries are reaching for the Tylenol. China is the world's largest consumer of a wide range of commodities-from soybeans to copper to crude oil-and its recent slowdown is depressing economies across the developing world, where growth is closely correlated to commodity prices, as the top chart shows.