Reference News Network June 24 report, according to the UK Financial Times website June 22 report, as trade tensions with the United States threaten China's manufacturers' main export markets, they are quickly finding buyers at home and abroad.

The report said that China's trade data since President Trump announced high tariffs in April show that increased exports to alternative markets have partially offset the sharp drop in exports to the United States.

In May this year, China's exports to the European Union grew by 12 percent year-on-year, exports to Germany increased by 22 percent, and exports to Southeast Asian countries rose by 15 percent.

Analysts say that Chinese manufacturers can at least partially compensate for sales lost due to U.S. tariffs in other markets, helping ensure that exports remain a pillar of the national economy.

The report said that the efforts of manufacturers are clearly evident in Zhejiang, China's second-largest exporting province, where many factory owners have urgently shifted their focus to trade partners that appear more stable than the United States, or to the vast but competitive domestic market.

Xia Shukun (音), manager of Shaoxing Sulong Outdoor Technology Co., Ltd., which previously only exported to Asia and the United States, said: "We hope to find new customers in markets such as Europe."

Xia Shukun said that a Norwegian buyer recently visited their factory, giving the company hope of securing its first European customer.

The report said that the average tariff on Chinese goods from the United States remains high, and Trump may once again impose high tariffs. In this context, factory owners and managers along Zhejiang's coast said they are looking for new markets.

Chen Zebin (音) of Shaoxing Shangyu Lihua Electronic Technology Co., Ltd., a manufacturer of nail lamps, said that the company's exports to the United States have dropped from 60% in 2024 to about 30% this year, prompting the company to shift toward domestic sales.

Chen Zebin said that the company is also exploring online sales channels such as Temu and looking for customers in new markets such as the Middle East and Europe. He said, "We need to find a new way."

Doris Xia (音), a manager at an electric tool production enterprise in Zhejiang, said that the company is prioritizing expanding its business in Europe, Russia, and Southeast Asia.

Zhuxi in Zhejiang, known as the "Hometown of Bearings," has provided some factories trying to get rid of the United States with comfort.

The manager of a bearing factory with 40 workers said that in 2018, he closely followed trade news between Beijing and Washington.

Now, containers full of bearings ready for Indonesia and the Philippines are piled up next to the entrance of his factory, and his concern about Sino-U.S. trade has greatly decreased.

He said, "We have found new buyers in Southeast Asia. This time, I no longer pay attention." (Translated by Yang Xinpeng)

Original: https://www.toutiao.com/article/7519378907229848100/

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