BANGLORE: China has been proclaimed as the next largest economy in the world. The markets had run far ahead of the economy and almost every country in the globe is a trading partner with China. But the sudden meltdown in the Chinese market is creating a global impact. As the Chinese consumption slows down, countries like Australia which is one of the major trading partners is already facing trouble. In the current scenario let’s take a look at some of the impacts that can be caused to Indian economy if the Chinese economy crash lands as reported by reddiff.com.

Good for Smart Cities

China is the major producer and a global trader for metals such as copper and aluminum. With a meltdown in the market, Chinese are trading their metal wealth in a lowest price in the last six years. In order to attain the market attraction and stabilize their economy, China is using their metal stocks. Thus, India being a consumer will reap the benefits of this state to support its construction projects and infrastructure projects to build Smart Cities at low cost.

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