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US small businesses feel mixed impact from China's economy
AZ Central: NEW YORK (AP) -- China's economic problems have been a windfall for some U.S. small businesses - and pose a threat to others.
A nearly 40 percent plunge in the Shanghai stock market since mid-June, a response to the country's weakening economy, has sent Chinese investors looking for safer investments. Some are focusing on U.S. real estate, including the condos Peggy Fucci's real estate brokerage sells in Miami. She's sold six condos to Chinese buyers in the past month, twice what she's typically sold in that amount of time.
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