News Snapshot:
Hong Kong, July 17 (Xinhua)-China’s position as a “factory of the world” has been strengthened in the last few years, despite rising production costs, the US-China trade war, and the COVID-19 pandemic. Said the analyst in a recently published article in the South China Morning Post. Aidan Yao, Asia Senior Economist at AXA Investment Managers, said the economy has recently regained balance from expanding exports, but has not given up on China’s trade competitiveness. Despite US tariff increases on Chinese products, Yao said China’s market share remains on the global stage as exporters sought new markets in Southeast Asia and...
