China's meltdown could actually be good for Britain

Citi is telling clients not to worry about the effect of a slowdown in China on the UK economy — and, in fact, saying it could actually boost Britain. China today trimmed its official GDP growth forecast for the year, the latest in a long string of signals that its booming economic growth is slowly cooling. Commentators have blamed these fears for the recent stock market jitters in both the US and UK, but Citi says fears are overblown. In a note sent to clients on Friday, analyst Michael Saund...