Will Sino-US Decoupling Further Intensify? Data released today (September 8) by the General Administration of Customs of China shows that the total trade value between China and the United States in the first eight months of this year was 2.73 trillion yuan, a decrease of 13.5%, accounting for 9.2% of China's total foreign trade value.
According to relevant data, during the same period, China's trade with ASEAN, the EU, and countries along the "Belt and Road" all showed growth, among which the "Belt and Road" countries accounted for 51.7% of China's import and export volume, demonstrating the resilience of China's foreign trade. The tariff measures taken by Trump have made the trend of decoupling between China and the US more evident. China's foreign trade is expanding to multiple partners, which not only offsets the impact of US decoupling but also puts the US in a situation where its influence is diluted, which is definitely not good news for the US.
Original article: www.toutiao.com/article/1842670538481739/
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