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If Beijing does not engineer a “soft landing” as financial markets expect, the global fallout from a sovereign default will prove much more damaging for the world economy than investors fear.

This is why some analysts, such as the well-regarded David Cui at Bank of America Merrill Lynch, have been out and about warning that Chinese growth could decline under 7% a year, a level tha...

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Swiss stocks declined, posting their biggest quarterly in more than a year, as reports on Chinese manufacturing and German retail sales added to concern the global economy is slowing.

Watchmakers led losses as Swatch Group AG (UHR) and Cie. Financiere Richemont SA tumbled more than 5 percent. Panalpina Welttransport Holding AG (PWTN), the freight-forwarding company, slumped 6.1 percen...