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
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
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
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