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Northern Ireland exports feel chill from China

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Exporters in Northern Ireland expressed concern that other markets will be caught up in China’s problems.

PwC chief economist Esmond Birnie said that Chinese sales were probably around £90m out of total manufacturing exports of about £6bn ever year.

Jonathan Dobbin, regional director for Barclays Wealth and Investment Management in Northern Ireland, said firms, including those from Northern Ireland, had long been encouraged to export to China “to lessen reliance on the sluggish European economies”.

“China was the sixth-largest destination for British exports last year. China will remain a vast market – but it may not be quite such a one-way bet as some analysts have in the past suggested.”