Open figure viewer
Significance
Its first-half trade performance offers evidence of the country’s ability to adapt to abrupt changes in the international economic environment. As the world’s first ranking exporter and second ranking importer of goods, China exerts enormous influence on the status and trends of global merchandise trade in most products.
Impacts
Positive global and emerging market growth will support China’s exports of technologically advanced goods.
Chinese companies selling into emerging markets will become stronger.
China will seek to expand and deepen trade partnerships with emerging economies, which are less constrained by geopolitical tensions.
© Oxford Analytica 2023. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2023
You do not currently have access to this content.
