2024-07-16 09:37:09
And Citibanamex economic analysis He noted that the deglobalization of world trade could be just a narrative and projected that between 2018 and 2029 the trade tensions in between China and EU will impact the global economy with 405 trillion dollars per year.
“While this conflict achieved its goal of reducing US-China exports, the role played by China in international trade has not diminished,” the bank said.
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The note signed by economic analysts Iván Arias and Arely Medina points out that China has a commercial architecture independent of the United States with trade agreements with 29 countries, especially with those that are part of the “Belt and Road” initiative (BRI) that brings together 154 nations in Asia and Africa.
China is gradually trying to shift its exports to BRI partners, while reducing its exports to the US, Japan and the UK.
CSAS
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2024-07-16 09:37:09