Standard and Poor's Ratings Services said a significant slowdown in Chinese economy will have an adverse effect on the Australian mining companies, which have been the major beneficiaries of the China growth story in recent past.
S&P added the nation's heavyweight resource companies will undoubtedly forego some upside growth potential, as they are sufficiently diversified to weather a China downturn. However, it's the smaller and start-up resource companies, as well as a range of companies providing services to the mining industry that will be hardest hit....MORE
