An extremely difficult period seems to be going through China, since the severe wave heatwave in the country will significantly affect its economy, according to its analysts Hang Seng Bank China
Όas the analyst emphasizes And Money in a recent interview with CNBC : "The heat wave is a tragic situation and may last for two to three months»
China is faced with high temperatures and blackouts on the Yangtze River. The heat and drought directly threaten the agricultural and livestock sector.
Η And Money he emphasized that "industries with high energy costs will be directly affected, which will cause a domino of problems both in the domestic and global economy supply chain. We are already seeing a slowdown in the manufacturing sectors steel, chemicals and fertilizers, who play an important role in the orderly functioning of the wider economy".
According to his official data Ministry of Water Resources of the country, most areas on the banks of the river yangtze suffer from high temperatures and a decrease in rainfall by 45% since July.
The recent heatwave and blackouts reminded many of her last year similar situation which took place in 2021 in the key industrial areas of Guangdong, Zhejiang and Jiangsu.
Η Wang reported that
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