TAIPEI ( TheStreet) -- Tales about the slowdown in China's economy have maundered on for two years and we all must have priced it into our positions by now, I thought lazily this week. That jaded view was suddenly shattered by a new report.The slowdown from breakneck growth of 9% to 10% over the decade from 2001 is squeezing real businesses, according to evidence from tech industry market research firm IDC. The American market research company forecasts IT spending growth of 9.5% in China this year, down from a previous prediction of 12.9% growth and a "sharp" deceleration compared to the past four years. Watch out if you sell PCs, servers or IT services to China.
China Slowdown's Ripple Effect on Foreign IT Vendors
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.