China’s fragile trade economy could be at risk, as EU outlook goes from bad to worse
A recession in Europe would hit demand for Chinese exports and could lead to a further narrowing of China’s trade balance, analysts have said. Existing concerns that Europe was on the verge of a recession were stoked on Friday by new data which shows the bloc’s manufacturing sector is struggling. The euro zone purchasing managers index (PMI) showed that manufacturing contracted in March, at a rate not seen in nearly six years. Along with the already weak performances of major European economies and uncertainties over the impact of Brexit and ...
Read More »