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What happens if Chinese exports slow?

What happens if Chinese exports slow? (May 6, 2024)

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Chinese export markets have turned quiet with growing rumours of an investigation into exports which evade VAT. Competitive Chinese steel exports have grown in volume aggressively in global markets, with traders able to undercut official steel mill offers significantly.

If there is a crackdown on VAT evasion, what will the impact be on global steel markets and on the Chinese domestic market?

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