economy - Europe fears possible slowdown in China

European companies might feel a strong backlash as China succesfully slows down the current growth rates, the Financial Times from London writes today. "Remy Cointreau, Lonmin and Siemens all generated 10 per cent of their revenues from China in 2002, as did Volkswagen, which saw sales of its cars in China jump 40 per cent last year," writes the paper. "China provided Nokia and Ericsson, the mobile phone giants, with about 9 per cent of their revenues, while for Alcatel, Danone, STMicroelectronics and Infineon Technologies, the figure was nearer 8 per cent."