[cityhantam]

No doubt,  there will b some companies closing down but in China, there are 105,567 bankruptcy and reorganization cases, an increase of 31,427 or 42% over the same period last year!

https://www.businesstimes.com.sg/governm...obal-risks

Exports in US dollar terms expanded 7.1 per cent (11.8% in RMB terms） last month from a year earlier to US$314.9 billion, the General Administration of Customs said in a statement Wednesday (Sep 7).

Imports grew 0.3 per cent

“China’s export growth is retreating to its more normal levels after 2 years of exceptional growth,” said Lu Ting, chief China economist at Nomura Holdings.