China is facing problem due to US China trade war
Second largest economy in the world started feeling heat due to trade war
Industrial production in China reached lowest in the last 17 years
China is under threat of recession
in July 2019 China's industrial production growth rate was 4.4 which is lowest since 2002
This has raised eyebrows and creating tension all over the globe
China is linked to global supply chain that's why it is big problem
From China economy there are many products in the word will decide price of the products and services on the basis of Chinese economy
World's largest raw material consumer China purchase words 50% of the aur half of the steel bronze coal and cement
If China stop registering these raw material there will be reduction in the prices of this material due to piling of stocks
China's reduce economic growth and GDP growth will impact globally on all countries
India imports more than 16% of import from China China is India's fourth largest importer country
However India only export 4.39 percent of its export to China
It will not impact India in a bigger way
However India is very good destination to Chinese companies which are banned by us they can come to India and set up their assembling and manufacturing plant and have start production from India to stop impact of us China trade war
India will also corporate Chinese companies regarding the infrastructure management availability
International monetary fund IMF has said India will be the major GDP growing country
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