U.N. says Chinese parts shortage caused $50 billion fall in February's global exports

Filed under: Earnings/Financials,Plants/Manufacturing,Parts and Accessories

China's exports of vital parts and components for products ranging from automobiles to cellphones are estimated to have shrunk by an annualized 2% in February, costing other countries and their industries $50 billion, a United Nations agency said on Wednesday. The world's second-largest economy - and epicenter of the coronavirus outbreak that has spread to 75 nations - accounts for a fifth of global trade in intermediate products. "There is a ripple effect throughout the global economy to the

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U.N. says Chinese parts shortage caused $50 billion fall in February's global exports originally appeared on Autoblog on Fri, 6 Mar 2020 15:00:00 EST. Please see our terms for use of feeds.

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