Mechanical and electrical manufacturing, together with the textile industry, will be the most affected sectors, the report from Haitong Securities published on Thursday said. Photo: AFP
EU stagflation set to drag down China’s 2023 export growth amid sluggish demand, apathy to produce and invest
- China’s mechanical and electrical manufacturing, together with the textile industry, will be most affected by persistent stagflation in the European Union, said a new report
- In the first 11 months of 2022, the European Union was the second largest destination for China’s exports after the United States with shipments valued at US$517.9 billion
Mechanical and electrical manufacturing, together with the textile industry, will be the most affected sectors, the report from Haitong Securities published on Thursday said. Photo: AFP
