Testimonials

RW Freight provide a very good service for Exports to Norway. Shipments are easily booked in and collected on time.

Norway Export Freight
48371

RW Freight offer an excellent service for our exports to Norway.

Norway Groupage Exporter
88132

We have only had a couple of deliveries bought into us by RW Freight Services. We are extremely pleased with the service and we are always informed of delivery date and if there are any delays the staff inform us very quickly.

Sweden Groupage Importer
91941

More Testimonials

air freight Australia Brexit Canada cargo China container containers Covid-19 Denmark exporters exports exports China Finland France freight freight forwarders freight forwarding Freight Shipping Germany Gothenburg Hong Kong imports India Ireland italy Japan logisitics logistics Netherlands Norway Poland rail freight russia Seafreight shipping South Africa Spain Sweden Sweden freight Swedish Switzerland Turkey USA wine

China to stimulate economy as UK exports expected to decline

Tags: ,


China’s exports to Britain and Europe will face barriers in the post-Brexit world, impinging on the mainland’s economic growth. A report by investment bank China International Capital Corporation (CICC) suggests the government will stimulate growth as a precaution.

China’s export growth to the EU could drop by 5 to 6 percentage points and China’s overall export growth could fall by 1 percentage point, CICC said, assuming that the European economy would lose 1 percentage point of potential GDP growth after Brexit.

That will pull China’s economic growth this year down 0.2 percentage points, as exports account for 20 per cent of total GDP.

In a worst case scenario, the EU’s growth would slow 2 percentage points. This would translate to a more than 5 percentage point impact to China’s exports and GDP, CICC said.

In addition, the sharp appreciation of the yuan against the British pound and the euro since the Brexit result was known on June 24 will add to the risk for China’s exports.