China's surge in exports and investments to the Global South is driving a new pattern of South-South trade.

Foreign media: Exports and investments from China to the Global South (developing countries) have significantly increased in the "tariff era." Since 2015, China's exports to the Global South have doubled, and the growth has accelerated after the United States imposed additional tariffs on China.

In the past five years, China's exports to the Global South have grown by 65%, far exceeding the growth of exports to the United States (28%) and Western Europe (58%). China's current exports to the Global South amount to about $1.6 trillion, which is more than 50% higher than the total exports to the United States and Western Europe.

At the same time, Chinese enterprises are increasing their manufacturing investments in developing countries, especially in Southeast Asia. Investments flowing into Indonesia, Malaysia, Thailand, and Vietnam over the past decade have quadrupled, with an annual average of $8.8 billion. This trend may drive the formation of a new global business order centered on South-South trade, with Chinese multinational corporations becoming key participants.

Original: www.toutiao.com/article/1840875602968584/

Statement: The article represents the views of the author.