Wednesday, March 22, 2017

"China's expanding sanctions Saad damage in case of 22 trillion won Korea's economy."



[Korea financial newspaper Choice reporters] came out Sadd (THAAD) placing relevant when China's economic sanctions expanding is China-South Korea relations quo worsened Korea's economy is rea result in a loss of nearly $ 20 billion (USD 22.5 trillion won) analysis .

22 days Industry According to the Bank of Industry and Technology, industry-specific effects of Saad placement and Korea-China relations worsen, the Research Report, Korea's economy, wearing a serious blow to cosmetics, duty-free shops, Tourism retaliatory measures in China by industry, semiconductor, display, shipbuilding, etc., are observed to be minimal impact.

The report Saad retaliation level is reduced public Exports of major industry $ 2.6 billion compared to last year, assuming that maintaining the status quo, and duty-free one against the Chinese tourism revenues and economic losses worth a total of $ 10 billion reduced $ 7.4 billion in China It has estimated that expected.

But I saw that China will be economic sanctions in addition to crush the feelings When spreading within China to expand economic losses of $ 20 billion. Export public key two US dollars a decline of 8.3 billion manufacturing, tourism and duty-free import decrease is a Chinese target at $ 11.7 billion.

In terms of industry it was expected to be greater negative impact on the cosmetics, duty-free shops, tourist sector. For the Chinese domestic cosmetics loss of $ 1.435 billion due to the decline in sales reduced the tourists etc. was estimated. Chinese duty-free sales account for nearly 63% of the $ 5.35 billion, was tourism Chinese tourists account for 47% of the expected income decreased $ 6.396 billion. Only three of the industry 13.1 billion in total damages amounted to 66% of the total estimated damages to $ 81 million.

The report predicts that "sanctions are relatively easy cosmetics, duty-free shops, goods, services and tourism industry is one of the inevitable negative impacts, intermediate goods, capital goods industry is expected to replace tough sanctions limited the strength and influence.

In particular, the report is' old Japan, and when the conflict with Taiwan and great defense security issues in light of a continued strong response to cases lingering possibility China sanctions is to be prolonged, it said "visible negative public boycott of private sector in the diffusion, etc. If the spread is likely to lead to further damage enlargement 'he predicted.

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