Sluggish global demand poses major threat to trade – Beijing ...News

Russia Today - Economy
Sluggish global demand poses major threat to trade – Beijing
source : Russia Today ( News ) () 18
A flagging global economy keep squeezing the consumption of goods, the vice commerce minister warns Demand for goods made in China is steadily declining as the global economy slows, Vice Commerce Minister Wang Shouwen said on Tuesday. He added that the nation still projects foreign trade to increase in the second half of 2022.  “The slowdown in external demand is the biggest uncertainty faced by China’s trade,” Wang said during a press conference in Beijing. “Our companies are reporting falling orders, as the demand from major markets is declining.” Soaring inflation across the world – along with other headwinds t

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