trade form China and Southeast Asia to North America and Europe is expected to boom during the next five years, according to a new study released by business analyst company IHS inc.
China's trade will continue to increase by more than five percent annually between 2015 and 2020, according to the World Trade Service of IHS maritime & Trade forecasts. This positive medium term trade growth comes despite recent setbacks caused by China's marked economic slowdown and weaker growth among other emerging markets in in the current and near-term
"These increases will not be the double-digit rises seen before the 2008 global economic crisis," says Krispen Atkinson, principal analyst at IHS Maritime & Trade. "However, an increase of more than 30 percent in the next five years underscores China's intent to remain a new trade hub-and-spoke linchpin for the rest of the economic world, cementing the Maritime Silk Road Initiative via China and Asia within the emerging market universr".
Reference: Retreived form