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2 words explain China export ‘surge’
Contrary to a meme that’s popular among Western policy analysts, there is no Chinese “export surge.” China’s exports to developed markets have stagnated for years, but have doubled to the Global South. chart Not only have China’s exports to the Global South in total risen by an unprecedented margin, but its exports to every region of the Global South – Asia, Latin America, Africa, Middle East/North Africa and Central Asia – have risen in lockstep. chart Some of China’s export success in the developing world, to be sure, reflects a new kind of triangular trade motivated by the 25% tariff on some ... (full story)