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Coronavirus: evidence of demand shock wave to China’s economy piles up, as South Korean exports collapse

Summary:
[unable to retrieve full-text content]Just days after reporting surprisingly strong exports for April, evidence of tougher times ahead for China’s factories and traders is beginning to pile up.Collapsing shipments from South Korea, plunging commodity rates, wildly fluctuating cargo costs and a hollowing out of jobs markets for major trading partners are all ominous signs for China’s industrial base, which has struggled to return to full capacity since a coronavirus-led shutdown in the first quarter.On Monday, South Korea became the…

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[unable to retrieve full-text content]
Just days after reporting surprisingly strong exports for April, evidence of tougher times ahead for China’s factories and traders is beginning to pile up.Collapsing shipments from South Korea, plunging commodity rates, wildly fluctuating cargo costs and a hollowing out of jobs markets for major trading partners are all ominous signs for China’s industrial base, which has struggled to return to full capacity since a coronavirus-led shutdown in the first quarter.On Monday, South Korea became the…

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