5 ways China’s slowdown will ripple across globe

FILE - In this Nov. 9, 2013 file photo, a Chinese couple walk past a billboard depicting diamonds at a commercial street in Beijing, China. Growth has marched steadily downward over the past two years as Beijing clamped down on a spending boom that analysts worry has pushed debt to dangerous levels. (AP Photo/Andy Wong, File)BEIJING (AP) — The reaction was slow in coming, but financial markets and corporate bosses have been jolted awake to China’s relentless growth decline and are scrambling to cope with wrenching changes in global business.