The US and Israel’s war on Iran is expected to help China’s exporters gain global market share from rivals in countries hit harder by high energy prices and supply chain shocks, according to economists.
Chinese factories should be able to maintain steady production thanks to the country’s large oil reserves and domestic energy supplies, they said, while the war’s disruption to oil and gas markets could spur a longer term shift to green energy that would benefit Chinese industry.
“One could certainly see China take more market share globally as a result of the energy shock,” said Fred Neumann, chief Asia economist at HSBC.
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