Economics
China's New Economy Is Hitting Asia's Exports
- S. Korea hub of Ulsan proxy for nation's drop in shipments
- China imports less with growth pace slowest in quarter century
Australia's Frydenburg: Optimistic About China's Economy
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The South Korean city of Ulsan, perched on the peninsula’s southeastern tip, has long been a proxy for the health of the nation’s export-driven economy.
Home to the world’s biggest auto-manufacturing plant, a major shipyard and a large oil refinery, Ulsan has been a key engine of one of Asia’s postwar growth stories.