The economic impact of the Chinese economy on Detroit
John Taylor, associate professor of supply chain management at Wayne State University’s School of Business, talked about American automakers’ heavy ties to China's market and how the current slowdown could spell disaster for U.S. car companies. “Many countries from many industries relied on China for their growth. If you look across world markets the growth has really been in China in the last 10 years. So as Chinese economic growth slows to more normal levels compared to the unstainable 6, 7, 8, 9, 10 percent of previous years, those companies will be losing out on some tremendous growth markets and have to ramp up their efforts…,” Taylor said.
