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the factory of the world, many of whose goods travel through the red sea towards europe. export data for december has been published today. it shows that over 2023 as a whole, chinese exports to the rest of the world fell for the first time in seven years. but data for december alone was better than expecations, rising 2.3% in dollar terms. meanwhile, china s consumer prices continued to decline for a third month, while factory gate prices also fell. so, how worried should china be about the disruption to shipping? claire huang, chief strategist at the amundi institute, shared her thoughts with us. we expect the impacts from the supply chain disruption to be very temporary, orjust like an episode in covid. and we ve already seen some degree of recovery as we move towards the end of 2023. and this year, like the other asian

Red seaAsia to europeExport dataConsumer pricesChina sDollar terms2 3In the red seaClaire huangSupply chain disruptionAmundi institute