Asian trade has collapsed due to shifts in China's trade, says IIF report

Tokyo

AT the end of last year, Organisation for Economic Co-operation and Development (OECD) secretary-general Angel Gurria sounded the alarm over shrinking world trade growth, which he said had "slowed to levels usually associated with a global recession" while the World Trade Organization (WTO) also voiced its concern.

Now, a report by the Washington-based Institute of International Finance (I…