When a sudden drop in the Shanghai Stock Exchange last week sparked a worldwide sell-off, Henry C. Yu saw a turnaround in the old saying that when America has the sniffles, the world catches a cold.

“Now it’s the reverse. When China sneezes, it’s the U.S. and the rest of the world that fall sick,” said Yu, who is the president of the Atlanta branch of the National Association of Chinese-Americans and the managing director for global trade solutions at Atlanta-based SunTrust Banks Inc.

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