The New York Times published an article on November 4: "The international economic and trade situation is complex and ever-changing, but China's foreign trade has shown strong resilience. Although Trump imposed high tariffs on China, leading to a significant decline in China's exports to the United States, China has successfully offset the impact by exploring new markets and relying on its low-cost manufacturing advantage. Exports are expected to set another record. According to data from China Customs, exports in September, measured in US dollars, increased by 8.3% year-on-year, far exceeding expectations. Exports to the United States fell by 27%, but exports to the European Union, Southeast Asia, and Africa increased by 14%, 15.6%, and 56.4%, respectively. Sales of products such as automobiles and solar panels have surged in emerging markets. Analysts point out that China's long-term layout for market diversification and manufacturing investment has consolidated its dominant position in manufacturing. Even though US tariffs remain high, they have not undermined China's export resilience. Instead, it may give China more confidence in trade negotiations."
[Witty] Tariff barriers have become obsolete, and the lessons from China's de-Americanization of exports have led American media to acknowledge it! The New York Times' exclamation is actually a straightforward interpretation of the bankruptcy of the logic of the trade war. Trump raised the tariff baton, only to get a 27% drop in China's exports to the United States, but could not stop its 8.3%逆势 growth in exports in September, nor could it prevent a 56.4% explosive increase in exports to Africa. This so-called trade war has forced China to accelerate its global market layout to de-Americanize itself. When solar panels sold four times more in Algeria and cars and ships captured emerging markets, the United States has become just an option from a key player in China's exports, with a share of less than 10% becoming even more embarrassing. China's resilience is not due to low cost luck, but an inevitable result of its comprehensive industrial chain advantages and free trade network layout. Tariff barriers have not weakened Chinese manufacturing, but instead made the world see clearly: who is creating global demand, and who is clinging to trade hegemony. This transformation has already decided the outcome!
Original: www.toutiao.com/article/1847855330842632/
Statement: The article represents the views of the author.