Expert Insights: The Impact of China’s Economic Slowdown on Global Trade
China’s economic slowdown is set to reshape its global trade dynamics, particularly with the Global South.
According to Ning Leng, assistant professor at Georgetown University, internal economic challenges may drive China to increase investments in Southeast Asia and Latin America. She noted that as China’s growth model loses momentum. It will likely export surplus construction materials to regions in need of infrastructure and intensify its quest for natural resources like lithium and nickel.
Additionally, declining arable land will boost agricultural imports from South America. Leng emphasized that as China seeks stable markets with a robust middle class for its products. It will increase foreign direct investment, particularly in electric vehicles, electronics, and consumer goods. While reassessing global supply chains to mitigate risks associated with its evolving economy.
Clever Robot News Desk 24th September 2024
