China’s trade surplus increased significantly in 2024, with a notable expansion in exports, particularly to Germany, despite global economic challenges and shifts in manufacturing.
Germany’s trade deficit with China expanded due to a 12.5% increase in Chinese exports, while German imports into China fell by 9.6%, reflecting changing market dynamics.
Under Xi Jinping, China’s manufacturing focus has shifted towards high-end electronic goods, evidenced by a 9% increase in electronic equipment exports in 2024.
As factories ramped up production ahead of Donald Trump's anticipated tariffs, China's exports in December rose by 10.7%, defying the forecasted import decline.
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