Can the export machine entitled by the Wall Street Journal of the United States on June 12 Can the export machine entitled China operate without the West?Article.The full text is as follows:
China's exports are still strong.This has led to the tight relations with China's relationship with Western countries and triggering a new wave of tariffs on Chinese electric vehicles, but this is also reshaping global trade.
Beijing is facing the problem that whether the center of gravity to developing countries is enough to maintain the operation of its export machine.
China's latest trade data released last week explained many problems.Based on the US dollar, exports increased by 7.6%year -on -year and imports increased by 1.8%.The downturn in the real estate market has dragged down domestic demand, so Beijing accelerates the speed of export engines to promote growth.
However, this has aroused anxiety from the Western government.The Biden government announced that tariffs on Chinese electric vehicles and others.After the anti -subsidy investigation, the European Commission recently announced a new tariff on Chinese electric vehicles, ranging from 17.4%to 38.1%.
Some recent strong growth may be due to the pre -action of the manufacturer's attempt to grab the potential trade restrictions.But in general, China's exports to the West have decreased, and exports to Southeast Asia and Latin America have increased.This may be because Chinese companies are dating the trade route to Vietnam or Mexico and other countries. These countries are also developing low -end manufacturing, while China is moving upstream on the upstream of the value chain.
China is also looking for a new market.In the past two years, China's exports to Russia have increased significantly because Western sanctions have cut off most of Russia's trade with other countries.
But more importantly, the types of products sold in China are different from before.According to data from Morgan Stanley, new market segments including electric vehicles, batteries, solar panels and mature chips account for 8.5%of China's total exports last year, and the number five years ago was 4.5%.
Although these export products are strongly resisted in Europe and the United States, the price -affordable Chinese products may be welcomed by many low -income countries.According to data from the Brazil National Automobile Seller Federation, the sales of electric vehicles and hybrid vehicles in 2023 have almost doubled.China's BYD accounts for more than half of the sales of pure electric vehicles, and Chinese auto manufacturers are also among the top sales of hybrid vehicles.
Southeast Asia is currently an important destination for China, and has good growth potential.
However, although many developing countries are generally friendly to China, they cannot be exempted from domestic political pressure and may still set up barriers to goods imported from China.
Many Latin American countries have raised steel tariffs to protect domestic industries.Brazil has recently re -imposed tariffs on electric vehicles to encourage domestic production.Chinese companies have been establishing a local company to create employment, and BYD is building an electric vehicle factory in Brazil.
So far, the strategy of China's export focus has shifted to developing countries.But this strategy will also face challenges in a world of increasing protection.(Compilation/Wang Haiyu)
