Chinas Guangdong COVID-19 restrictions to hit exports near-term ICIS


Source: icis.com icis.com

Key Topics in this News Article:

News Snapshot:

China’s Guangdong COVID-19 restrictions to hit exports near-term Author: Pearl Bantillo 2021/06/15 SINGAPORE (ICIS)--Pandemic-related restrictions imposed in Guangdong, China in May are expected to slow down exports in the near term, as the province account for nearly a quarter of the country’s total shipments abroad. The province is an industrial hub in southern China, producing various products from toys to textiles to cars - all major downstream industries of petrochemicals. “Shipping bottlenecks in Guangdong will affect near-term trade flows. We expect the disruptions will be short-lived, but they present additional risk to global supply chains,” said Tommy Wu, lead economist...