The growing which for now is not precisely estimable or quantifiable but substantial. The Chinese economy is affect first of all with a manufacturing production index that fell from . points in January to . in February. Shipping restrictions and a drop in demand have caus Chinese exports to collapse at the highest rate in its history. The countrys supply chain processes are significantly slow down if not interrupt but the data is starting to look positive again. The appearance of the Coronavirus on the world scene has not only creat significant damage to the reach Europe and in Italy we could really count the damage starting from April.
Of course the impact on the rest
Of the world has been enormous because China is now an important supplier of intermiate goods in many sectors. It is also one of the largest Philippines Telegram Number Data buyers of raw materials in the world with over billion dollars of imports in alone. Having suddenly stopp all its construction and production activities in general China is bringing the main exporters of raw materials to their knees. commodity. The epidemic had the merit of showing the world how fragile an economic model bas on very high dependence on a single country is.
China supplies the rest of the world
In many sectors and is a primary reference in this field . The Chinese economy has now become indispensable and any attempt to isolate Philippines Telegram Number or isolate it is destin to be unsuccessful. Inde a ruction in economic interdependence between China and the rest of the world is likely to increase over time. There are two reasons the inshoring of manufacturing activities was already underway before the trade war and the epidemic is pushing many companies to reorganize their supply chain processes which will not go back once the emergency is over. Secondly China itself wants to ruce its.