GENEVA—China’s exports of vital parts and components for products ranging from automobiles to cellphones are estimated to have shrunk by an annualized 2 percent in February, costing other countries and their industries $50 billion, a United Nations agency said on Mar. 4.
The world’s second-largest economy—and epicenter of the coronavirus outbreak that has spread to 75 nations—accounts for a fifth of global trade in intermediate products. Many countries rely on its manufacturing inputs, it said.
