Chinese exports grow, without the U.S.

"The U.S. is buying a lot less from China this year, but China has found more business just about everywhere else in the world. For the New York Times, Agnes Chang and Daisuke Wakabayashi have the charts. China has offset the decline from America with breathtaking speed. Shipments to other parts of the world have surged this year, demonstrating that China's manufacturing dominance will not be easily slowed."

"China has offset the decline from America with breathtaking speed. Shipments to other parts of the world have surged this year, demonstrating that China's manufacturing dominance will not be easily slowed. Chinese exports are on track to reach another record this year. That's because China was prepared. It has been seeking out new customers for years, and its massive manufacturing investment allows it to sell goods at low prices."

U.S. purchases from China declined notably this year, yet overall Chinese exports have increased as the country redirected shipments to other global markets. Shipments to regions beyond the United States surged, keeping total exports on pace for another record year. China cultivated new customers over several years and invested heavily in manufacturing capacity. That scale and investment enabled lower production costs and competitively priced goods that attracted buyers worldwide. The shift underscores the resilience of China’s manufacturing-dominated export model despite reduced demand from the American market.

Read at FlowingData