Can China’s export machine run without the West?
China’s exports are still going strong. This could partly be because Chinese companies are rerouting their trades through countries like Vietnam or Mexico, though those countries have also been building up lower-end manufacturing while China moved up the value chain. New segments including EVs, batteries, solar panels and mature chips accounted for 8.5% of China’s total exports last year, compared with 4.5% five years earlier, according to Morgan Stanley. Southeast Asia and Latin America together have made up nearly a quarter of China’s exports so far this year, still smaller than the combined 29% share of the U.S. and the EU, but altogether a sizable market with good growth potential. Still, while many of the developing countries are more friendly toward China generally, they aren’t immune to domestic political pressures and might still set up barriers to Chinese imports.
China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom
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