This is a thread specifically for the war, not a general megathread (use the pinned /c/genzedong thread for that).

Please keep related news in this thread rather than making separate posts. Remember to include sources and avoid spreading rumours.

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  • rainpizza@lemmygrad.ml
    12·
    12 days ago

    According to the article, Chinese factory activity expanded so it is just like you said that they haven’t seen a negative impact:

    China’s manufacturing sector expanded in March for a fourth straight month but saw inflationary pressures and supply chain strains intensify, a private survey showed.

    Regarding the rest in Asia, it is a completely different story:

    Manufacturing activity in March slowed in economies ranging from Indonesia, Vietnam, Taiwan and the Philippines, other PMIs showed, highlighting the pain the Middle East conflict was already inflicting on businesses.

    Japanese factories also took a hit from the souring business mood and cost pressures, which hit a 19-month high.

    As for SK, it is an outlier:

    South Korea was an outlier, with factory activity expanding at the strongest pace in more than four years in March, led by semiconductor demand and new product launches.

    • cfgaussian@lemmygrad.ml
      12·
      12 days ago

      Yeah, the rest of East Asia is going to be hit pretty hard by the oil crisis. I’m just saying I found it a bit odd to say that “Asian factory activity is slowing down” when the biggest Asian factory of all, China, is not slowing down. Sort of leaving out the most important part there.

      Though in a global recession most likely even China will be affected because there will be less global demand.