China behind global trade slowdown in 2015 – WB


WASHINGTON, D.C.: The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said on Wednesday (Thursday in Manila). Trade, as measured by total merchandise import volumes, rose only 1.7 percent in 2015, down from 3.0 percent in 2014, the Bank said in a new report. That stall in trade, one of the key drivers of economic growth in recent years, was mostly due to cyclical shifts, especially the downturn in demand growth for commodities in emerging Asia and China.


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