Economic slowdown in China matters, but it was important not to overstate the decline, Rutledge Capital Chairman John Rutledge told CNBC on Wednesday.
“The fact is it’s growing slower than it was,” he said on “Fast Money.” “It’s not collapsing or crashing, but the rest of the world pretty much is. We’ve got big problems in Europe. The U.S. is growing, but slowly. So China’s the only story in town, but China’s not big enough to drive the entire world’s growth.”