China, India vulnerable to oil spikes: S&P

The economies of China and India are vulnerable to a potential oil price shock although the respective strengths and weaknesses of the countries means the impact of such a shock would vary in degree and focus. Japan, on the other hand, would fare better than most developed countries given a potential oil price shock.

Three reports published on RatingsDirect, Standard & Poor’s Ratings Services, on China, India and Japan examines how the three major global economies would react to a potential oil price shock.

In each report, potential oil price scenarios are applied to the respective economies, and conclusions are drawn on the likely impact of each oil price hike.
Business Standard