Sultanate’s large exposure to China economy a risk, says CBO
The sultanate's trade exposure to the China is high relative to other GCC countries due to our export dependence on the world’s second-largest economy, according to the Central Bank of Oman (CBO). It said the sultanate is exposed to three main international risks: Large exposure to China, exposure to oil prices and the US Federal Reserve's monetary policy. According to the IMF, Oman's average yearly exports to China as a share of its total exports stood at 26% during 2000 to 2014, while the GCC average was 7.7%. (Muscat Daily)
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