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China, industry slows down: first insolvencies on supplies

According to the Financial Times, many companies have begun to ask for slippages on the supply of fundamental raw materials such as coal and iron - The anti-inflation measures decided by the government are weighing on consumer demand.

China, industry slows down: first insolvencies on supplies

The crisis is also making itself felt in China, where signs of weakening growth continue to appear. According to what was reported today by the Financial Times - which cites industrial sources - in the territory of the Asian giant many companies have started call for slippages on supplies of key raw materials such as coal and iron. In some cases it even seems that they have registered the first payment defaults. A negative dynamic that seems to have been particularly marked in recent weeks. 

Still the British newspaper remembers how even a Korean multinational Samsung has expressed "concern" about weak Chinese consumer demand, on which they weigh anti-inflation measures launched in recent months by the Beijing authorities. In the first quarter of the year, economic growth slowed to +8,1% on an annual basis: by Chinese standards this is the lowest value for almost three years.

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