how has covid affected trade between China and the world
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how has covid affected trade between China and the world
how has covid affected trade between China and the world
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Answer:
Coronavirus has disrupted global value chains that connect producers across multiple countries.
Comparative figures between the first two months of 2019 and the first two months of 2020 reveal a collapse in Chinese trade with the EU and US.
Researchers have studied data from China to see which imports and exports have been the most affected.
The COVID-19 pandemic is now expected to trigger the worst economic downturn since the Great Depression. Many argue it could unravel globalisation altogether.
Globalisation relies on complex links – global value chains (GVCs) – that connect producers across multiple countries. These producers often use highly specialised intermediate goods, or “inputs”, produced by only one distant, overseas supplier. COVID-19 has severely disrupted these links.
MARK AS BRAINLIEST