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China’s Trade Pivot And Its Implications

by Ziyuan Huang, Senior Analyst   Arthur Budaghyan, Head of CoreMacro  

China has become less reliant on exports to advanced economies, and its products have successfully penetrated developing economies. Exports to the US make up 3% of Chinese GDP, while exports to all developing economies account for 10% of its GDP. China’s trade pivot from advanced to developing economies has economic, political, and geopolitical ramifications.

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