Foreign Media: China's trade surplus has exceeded $100 billion for the first time, demonstrating its strong position as the "world factory." Despite the high tariffs imposed by the Trump administration in the United States, China has maintained strong exports by expanding markets in Southeast Asia, the European Union, and other regions, bypassing U.S. tariff barriers. Exports of high-tech products, automobiles, semiconductors, and other goods have grown rapidly, driving up the trade surplus.
The relative depreciation of the Chinese yuan has also enhanced the competitiveness of Chinese exports. Over several decades, China's industrial upgrading, from low-value, labor-intensive products to high-value-added electronics, electric vehicles, and more, has enabled it to dominate global supply chains.
In the future, despite external pressures, China's trade growth momentum is expected to remain strong, and its share of global commodity exports is likely to increase further.
Original article: toutiao.com/article/1851049507232768/
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