How big of a deal is China?
Just ask Tata Steel , Vale , Rio Tinto . The list is long of steel makers and iron ore exporters that have been crushed by Chinese oversupply.
About 15,000 British jobs are at risk if India-owned Tata Steel cannot find a buyer for its U.K. plants, including the heavily loss-making Port Talbot works in South Wales, the WSJ reported on March 31. The company said it wanted out of the U.K. after roughly 10 years of losing money there thanks to the influx of cheap China steel.
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An important driver for world economy
Big corrections in Chinese assets
Cheap China steel
Chinese economic policy an important driver
Crush by Chinese oversupply
Decline in demand of Japanese audio equipments
Decline in demand of Japanese computer
Decline in German car imports
Destroyed American manufacturing
Forced to rely on own demand
International Monetary Fund Special Drawing Rights
Stimulating economies
Wants