Guess which manufacturing segment will be badly hit by China's hard landing

But some segments might be spared.

According to Moody's Analytics, Singapore's goods and service producers would face different fates in a Chinese hard landing. Within goods producing sectors, manufacturing, specifically electronics, would suffer most, and pharmaceuticals would be least affected.

Here's more from Moody's:

China's growing domestic consumer market means an increasing proportion of Singapore's tech exports end up in China, rather than being reassembled and shipped elsewhere.

In 2010 the Monetary Authority of Singapore found that China accounted for around 23% of East Asia's exports (mostly for electronic and electrical products), up from 6% in 2000. In contrast, the bulk of Singapore’s pharmaceutical exports are sent to the U.S. and Europe.

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