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.

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 & RegionsAffected SectorsLoss
The European Unionmachinery, automotive, and chemicals$15.6 billion
United Statesmachinery, automotive, and precision instruments$5.8 billion
Japanmachinery and automotive$5.2 billion
South Koreamachinery and communication equipment$3.8 billion
Taiwancommunication equipment and office machinery$2.6 billion
Vietnamcommunication equipment$2.3 billion

 

What are your views on this? Share in the comments bar below.


Featured Content⭐

>