Reported 4 months ago
China's trade surplus in manufacturing has increased, extending beyond high-tech industries, potentially leading to a backlash from countries concerned about dumping of materials in global markets. Rising exports cover various products like steel and animal feed, prompting anti-subsidy and anti-dumping measures from nations worldwide. Falling demand due to a housing slump is driving China's steel exports, while the surge in petrochemical production is disrupting industries in neighboring countries. Additionally, the possibility of increased tariffs and trade tensions poses a threat to global economic output.
Source: YAHOO