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China Slowdown Could Impact These 20 Companies: Goldman

Assuming that China's economic slowdown continues as a "soft landing," the impact on the U.S. economy will be relatively minimal, according to Goldman Sachs Group Inc (NYSE:GS). The August 7th edition of GS's US Weekly Kickstart highlights the ongoing financial market turmoil in China, and assesses the effect it is likely to have on the overall U.S. economy and several individual sectors.

Unraveling the China conundrum

According to David J. Kostin and the Goldman Sachs team, a growing number of clients they talk to say that the "dramatic weakening in China economic growth" is why they believe that the Fed may not tighten in the fall of this year, and may even delay the initial rate hike until the first quarter of 2016.

Also of note, it clear that "China’s equity market rollercoaster has...


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