European customers have sparked a boom in Chinese exports of products such as electric blankets and heaters, as well as energy-intensive industrial goods, as they search for cost-effective alternatives in the face of surging energy prices.
The cost of electricity on the continent has shot sky high due to embargoes on Russian gas imports by numerous European countries and the U.K. following its invasion of Ukraine, creating a shortage of local supply.
China Snaps Up Half-Price Russian LNG as Europe Shuns Supplies
China’s Exports Weaken on Covid Disruptions, Global Risks
We ‘ve added you to our subscriber list.
Participation of Indian Prime Minister Narendra Modi in the 5th Eastern Economic Forum Discussed in Moscow
Get exposure for your startup at RISE 2020
CreditEase’s Tang Ning: China’s Wealth Management Market is Undergoing Five Major Shifts
Meet 5 of the best startups selected to represent China at the largest technology event in Asia
Copyright © 2021 Caixin Global Limited. All Rights Reserved.