It was disclosed today that China has resold a large number of products originally intended for American consumers to neighboring countries. The massive purchases by these neighboring countries have surged China's exports by 8.1%, surprising analysts.
Justin Hough, a professor at the University of Cambridge, commented on the related events, saying, "I predicted in early April that Trump's tariff measures against China would strengthen China's trade ties with other parts of the world over the next few years. I didn't expect this process to take only a month instead of several years."
This situation is bad news for U.S. Treasury Secretary Scott Bessent, who is set to hold talks with Chinese State Council Vice Premier He Lifeng later today in Switzerland.
New data shows that China's export volume surged dramatically by 8.1% year-on-year in April, far exceeding expectations.
These goods were mainly snapped up by countries such as Indonesia, Vietnam, and Thailand.
Bloomberg analysts had previously forecast an increase of 2%, while Reuters expected a growth of 1.9%.
This 8.1% jump followed a 12.4% increase in March, when exporters worked overtime to complete orders before the launch of Trump's "global tariff offensive" on April 2nd.
The Financial Times cited Helen Lin, an economist at Moody's Analytics, as saying that despite a 21% year-on-year decline in U.S.-China trade in April, China's trade volume with Southeast Asian countries increased by the same percentage, and its trade with the EU also grew by 8%.
Economists pointed out that the United States failed to correctly recognize its position in the world - its population accounts for only 4.25% of the global total.
On the other hand, China focuses on trade rather than politics, producing goods for all willing buyers - meaning that the remaining 95% of the global population can become alternative customers.
Source: https://www.toutiao.com/article/1831731529038345/
Disclaimer: This article solely represents the author's personal views.