Slowing down, but far from fragile

On recent trips to the West, I've discovered that the further from China people are, the worse the economy looks.

After his recent trip to the United States, Chinese president Xi Jinping is visiting the United Kingdom this week and having him in town might help lessen the gloom with which some in the West view the Chinese economy.

The recent stock-market correction, currency depreciation, and data disappointments have exacerbated concerns about China's slowdown. We are all impacted by this, and investors in the West seem shaken; they will look to Xi for explanations and, more importantly, reassurance.