Hey there! Have you ever wondered how countries around the world trade with each other? 🌎✨ Well, there’s some exciting news! According to Joseph Ngai, the chairman of McKinsey China, global trade is transforming in a big way. 🎉
For a long time, most trade happened between countries in the East and the West. But now, trade between countries in the South is growing super fast! 🏃♂️💨 This is called South-South trade. It means countries that are often in the southern part of the world, like parts of Asia, Africa, and South America, are trading more with each other. 🤗
Why is this important? 🤔 Well, when countries trade, they share goods like toys, clothes, and food. 🧸👕🍌 More South-South trade means new friends, new ideas, and more fun stuff for everyone! 🎊
So next time you play with a toy or eat a yummy snack, think about how it might have come from a country far away, thanks to global trade! 🌐❤️
Reference(s):
McKinsey China chairman: World trade pattern undergoing transformation
cgtn.com
