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The People's Republic of China flag and the U.S. Stars and Stripes fly along Pennsylvania Avenue near the U.S. Capitol in Washington during Chinese President Hu Jintao's state visit, January 18, 2011.

REUTERS/Hyungwon Kang

  • An economic crisis in China is unlikely to have major impact on the US, Paul Krugman said.
  • That's because the US has limited exposure to China in investments and trade.
  • A crisis could actually benefit the US by lowering inflation, according to the top economist.

The risk that an economic crisis unfolding in China could spill over to the US is actually "surprisingly small," according to top economist Paul Krugman.

Tags
economy, Markets, china-economy, us-economy-and-markets, debt-levels, financial-crisis, 2008-financial-crisis, Deflation, Inflation, spillover-effects, real-estate-market, us-gdp, china-growth
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America's exposure to an economic crisis in China is 'surprisingly small,' acco…