According to a study by the Hyundai Research Institute, when China's economic growth rate declines 1 percentage point, Korea's economic growth rate falls 0.5 percentage points.
"With exports reaching a record high last year, China proved itself a reliable source of supplies," Ding said. "It can be argued that global inflation would have been much higher if production and shipping in China were affected to the same extent as the rest of the world."
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