The Chinese economy "Massage and powerful epidemic" etc.

Warning of China's economic deceleration ... Different hits due to slumps such as real estate, domestic demand, exports

　The Chinese economy is shaking greatly. Since China is the largest exporter in Korea, the impact of economic deterioration can act as a major evil material in the Korean economy. The main economic analysis agencies are now analyzed that the impact of the South Korean economy will differ depending on which part is caused by the debt of real estate, the sluggish, and the slowdown of exports, which is the three major dangerous elements of the Chinese economy. I'm out. The risk starting from real estate and domestic demand is less likely to affect the Korean economy than the risks inspired by the slowdown of exports. "China has recovered surprisingly in the new Corona phase, but the growth Momentum has slowed down," said the International Currency Fund (IMF), the IMF Fund (IMF). The Social Sciences Academy, the largest think tank under the Ministry of State of China, has recently predicted the economic growth rate of 5.3%next year, which is the lowest in the last 30 years. In the Chinese economy, the flow of growth has slowed rapidly due to debt crisis, power difficulties, and maintenance of powerful epidemic policies, such as the Chunai Group (Ever Grande). Such a slowdown in the economy is a fatal blow to the Korean economy closely related to China. The Korean economic analysis agency seems to be watching the "cause", which is inspired by the situation in China while watching the situation in China. "If China's economic growth rate drops by about one point, the economic growth rate in Korea will decrease by 0.1 to 0.15 points," said the Korean Bank General Kim Eun Research Director Kim Eun. In addition, "the fact that China's growth rate is declining is important, but the impact varies depending on which consumption, real estate investment, or exports decreases." Uru. " This means that the economic slowdown, which is inspired by domestic demand, such as the lack of consumption in China, is likely to have a slight effect on the Korean economy. If you look at the actual export structure to China, you can understand this outlook. Exports to China have been reorganized mainly in items that are dominant than China, such as semiconductors. In China, China imports high technology parts in Korea and used it to produce the final export. Even if the economy of China's domestic demand slowed down, if exports maintain a strong flow, Korea's exports to China may not be upset. The risk of real estate debt has also been evaluated that the Chinese government's intervention remains. The high investment securities said in the report on the 8th that "the Chinese government has begun intervening without looking at the confusion of the Masagai Group," and "China's policy -based trend has increased in China. The economy, of course, has a positive impact on Korea. " Thus, among the three major dangerous factors of China's real estate, domestic demand, and exports, the most threatening part for South Korea is likely to be the "export." China has shown signs of dull exports. Last month's exports increased 22%year -on -year, but the increase in the increase was narrower than September (28.1%) and October (27.1%). Fortunately, Korea's exports to China are still good. Last month's exports to China exceeded $ 15 billion in history. In the oci note report entitled "Structural characteristics and suggestions of exports to China" announced last month, "South Korea's shocking to China exports depends on which department the growth of China grows. It will be different. " Jung Surugi Reporter (Inquiry Japan@hani.co.kr)