A Big Loser From The Government Shutdown… China

The U.S. federal government shutdown has ended, for a while anyway, but its lasting impacts are already being discussed with the economic loss suffered projected to be in the many billions.

A Big Loser From The Government Shutdown... China

But the U.S. government shutdown will not only diminish growth domestically. As the largest economy in the world, American imports are a major driving force of other nations’ GDP.

A survey conducted by Global Sources asked Chinese exporters how the U.S. government shutdown has and will in the future affect their businesses. 43% of those surveyed reported having already had their orders reduced. The best plan of action to cope with the impacts of the shutdown seems to be “wait and see”.

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Via Floating Path

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