News Snapshot:
Any upheaval in the Chinese economy due to the blockage of the Suez Canal by a massive container ship is likely to be minimal given most of its intermediate supply chains are located in the Asia-Pacific region, economists and analysts say. Although there will be some impact on China, it will be mostly limited to sectors such as battery and rubber manufacturing, which depend on intermediary raw materials from Europe, they added. However, the bottleneck in one of the world’s busiest trading waterways following the grounding of the ultra-large Ever Given has raised the alarm again in economies dependent on...
