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Comments - UK - First signs of China slowdown?
UK - Transport Intelligence -July 11, 2006: -- Rising interest rates around the world seem to be biting, resulting in a reduction in consumer spending. Another reason for the slowdown could also be the increasing price of Chinese manufactured goods. Costs in the market are increasing – be it labour or fuel – and these are being reflected in rising prices... This has led some commentators to believe that China is now ‘exporting inflation’ and the inevitable result of this will be to make Chinese goods less competitive. Although it is still too early to talk about a longer term slowdown, especially when sea freight volumes are on many trades are still buoyant, it is a reminder that China will not always be relied upon to continually drive the industry...
posted by Unknown @ 11:22 AM
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