China’s weak exports in first half of 2019 are also bad news for its major trading partners

//China’s weak exports in first half of 2019 are also bad news for its major trading partners

China’s weak exports in first half of 2019 are also bad news for its major trading partners

While the meagre 0.1 per cent rise in exports in the first six months of 2019 was bad news for China, it was even worse for many of its trading partners, with a flat performance by the world’s second large economy causing ripples through the tightly integrated supply chains created by globalisation.A decline in Chinese exports automatically dampens its demand for imports of components used in finished exports and that, in turn, hurts every other economy that sells to China.The biggest drop in…

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By | 2019-07-25T22:00:08+00:00 July 25th, 2019|Headlines|Comments Off on China’s weak exports in first half of 2019 are also bad news for its major trading partners