The economic consequences of Tianjin’s explosions
Five days after Tianjin’s impressive explosions, Toyota announced a three-day stop in the production of its city’s sites. The Japanese company is far from being the only one concerned.
The region, also known as Beijing’s maritime gateway, is one of the most dynamic in the country. No less than 540 million tones of merchandise transit through its harbor every year, making it the fourth biggest in the world.
“Tianjin is one of the spearheads of the Chinese economy”, summarizes Claude Meyer. “This catastrophe concerns about 300 multinationals among the world’s most important ones”. What will be the impact of these explosions on the Chinese economy?