[Manthink]

NYT (12 July)

For the Chinese government, the ever-widening trade surplus is good news. Consumers in distant markets are buying many of the goods that Chinese households no longer want or cannot afford. Exports help keep factories open in China, and provide the money for even more factories under construction as part of a national strategy to expand industrial output.

China’s already formidable exports surged in June, China’s customs administration reported on Friday. But imports shrank, with Chinese companies and households becoming more cautious about spending money. The result was a record monthly trade surplus of just over $99 billion.




https://www.nytimes.com/2024/07/12/busin...ecord.html