Pakistan among 20 countries most affected by China slowdown due to coronavirus

The largest sufferer is the textile sector, which has lost $44 million from a 2% drop in China exports in intermediate inputs.

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slowdown

The United Nations Conference on Trade and Development has included Pakistan in the list of twenty economies that have been affected the most, after China suffered a slowdown due to the corona virus.

The largest sufferer is the textile sector, which has lost $44 million from a 2% drop in China exports in intermediate inputs.

Most affected countries and regions

  • The European Union
  • The United States
  • Taiwan
  • The United Kingdom
  • Japan
  • South Korea
  • Taiwan
  • Vietnam
  • Mexico
  • Switzerland
  • Malaysia
  • Thailand

According to data published by UNCTAD, the slowdown of production in China because of the corona virus outbreak is disrupting international trade. It could result in a $50 billion decline in exports across global value chains.

Since China has become the central industrial hub of many international business operations, a slowdown in Chinese production has impacts for any given country depending on how dependent its industries are on the Chinese traders.

Most affected sectors

Precision Instruments
Machinery
Automotive
Communication Equipment

 

Most affected economies

Countries & Regions Affected Sectors Loss
The European Union machinery, automotive, and chemicals $15.6 billion
United States machinery, automotive, and precision instruments $5.8 billion
Japan machinery and automotive $5.2 billion
South Korea machinery and communication equipment $3.8 billion
Taiwan communication equipment and office machinery $2.6 billion
Vietnam communication equipment $2.3 billion

 

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