With China in the midst of what appears to be "serious economic contraction," experts warn that any collapse of its system could in turn weaken the U.S. economy.
A slew of recent financial reports out of China indicate that consumer spending and lending rates are down while youth unemployment is on the rise, signaling an internal economic breakdown may be on the horizon.
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Marisa Herman ✉
Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.