https://www.reuters.com/article/us-china-economy-trade/china-march-exports-rebound-to-five-month-high-but-imports-fall-more-than-expected-idUSKCN1RO0Q7
China's exports are growing but imports are shrinking very sharply. This doesn't bode well for the global economies particularly for export-oriented countries like Singapore.
China's consumption constitutes close to 80% of its GDP and China is no longer an export-oriented country.
http://en.people.cn/n3/2018/0919/c90000-9501725.html
http://sg-stock.blogspot.com/2017/05/china-slowdown-is-bane-for-world.html
Therefore, any reduction in local consumption has a significant impact on China and the world as China contributes 1/3 of global growth.
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https://sg-stock.blogspot.com/2019/04/the-slowdown-in-chinas-imports-will.html
SG is also impacted by China's slowdown.
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