China Adapts Trade Strategy Amid Global Tariffs Supply Chain Shifts
Facing tariff barriers and sluggish global demand, China's foreign trade has demonstrated remarkable resilience. This is driven by two core factors: first, the successful diversification of trade markets, with ASEAN replacing the U.S. as the largest trading partner; second, the deep transformation of export product structures, where equipment and electronic products now account for 90% of exports. High-value-added products, exemplified by the "new three" items, have become new engines of growth, marking a structural leap from scale-based expansion to technology-driven development.
