While China’s export engine still has room to grow, many of its trading partners may be approaching the limit of how much more they can absorb, which could place a ceiling on further growth over the coming years, according to a Goldman Sachs report.
“At least over the next few years, there is still room for Chinese exports to maintain their strong momentum,” analysts said in the report led by the American investment bank’s chief China economist Hui Shan on Wednesday.
“Over the longer term,…
Source: www.scmp.com
