RIO DE JANEIRO, BRAZIL - Wells Fargo has created an indicator to assess countries' susceptibility to the Asian giant's economic fluctuations, in which Brazil emerges as one of the most vulnerable to the fate of the Chinese economy.
"Our analysis indicates that countries that rely heavily on exports, high commodity prices, and are tightly integrated into China's financial system should come under greater pressure. In this respect, Singapore and South Korea are often cited as thermometers of the global economy, given their position as major exporters and would be particularly vulnerable to China," say Wells Fargo economists Brendan McKenna . . .