China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world.
from the International Monetary Fund shows how much is at stake: when China’s growth rate rises by 1 percentage point, global expansion is boosted by about 0.3 percentage points.
The value of Chinese imports has fallen for nine of the last 10 months as demand retreats from the record highs set during the pandemic. The value of shipments from Africa, Asia and North America were all lower in July than they were a year ago. The depreciation in the offshore yuan is having a greater impact on its peers in Asia, Latin America and the Central and Eastern Europe bloc, Bloomberg data show, with the correlation of the Chinese currency to some others rising.The weak sentiment spillover may weigh on currencies like the Singapore dollar, Thai baht, and Mexican peso as correlations rise, according to Barclays Bank Plc.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Everton slump to sobering 'first' as next signing is already under pressureEverton match verdict as Chris Beesley reports on dismal 1-0 home defeat to Wolves in the Premier League
Læs mere »
Which animals should a modern-day Noah put in his ark?An economic interpretation of a biblical tale
Læs mere »
Donald Trump's mugshot was meant to be 'intimidating', says body language expertFormer police officer Darren Stanton also believes the unusual headshot shows the former president believes he will be cleared of all charges.
Læs mere »
Classy gesture from Linfield boss David Healy meant a lot to Stuart KingCarrick Rangers bounce back from Crusaders drubbing with excellent performance against Blues
Læs mere »
Arsenal take early title race blow after sloppy draw with ten-man FulhamAndreas Pereira's first-minute finish and Joao Palhinha's late equaliser meant Arsenal could only take one point off a much-improved Fulham
Læs mere »
Police swarm Queens Drive as people told to avoid areaPolice have warned people to find alternative routes
Læs mere »