Media

Middle East crisis live: UN chief calls for Israel-Lebanon ceasefire to be ‘fully’ respected as it comes into effect | US-Israel war on Iran

Middle East crisis live: UN chief calls for Israel-Lebanon ceasefire to be ‘fully’ respected as it comes into effect | US-Israel war on Iran

Key events

The energy shock from the Middle East crisis and higher commodity prices are increasing production costs in the world’s biggest manufacturing country, trade data from Beijing this week and anecdotal information from Chinese manufacturers indicates.

Before the US-Israeli war on Iran, China’s export sector was performing strongly , having weathered Donald Trump’s tariff hikes by targeting new markets and achieving a record trade surplus last year.

Visitors view new energy vehicles at the China Import and Export Fair in Guangzhou. Photograph: China News Service/Getty Images

But overseas orders are now slowing at the same time as the cost of plastic, copper and aluminium is surging, according to manufacturers who spoke to Reuters this week at China’s largest trade exhibition, the Canton Fair.

Share

Updated at 

Leave a Reply

Your email address will not be published. Required fields are marked *