China’s exports to the West (as a proportion of the total) has been shrinking: most recently, it was reported that China now exports more to the Global South than to all developed countries combined.
This is, in large part, as China also pursues “friendshoring” by offshoring labour-intensive manufacturing to countries like Vietnam, Malaysia, and recently even considering expansion to Mexico.
China’s exports to the West (as a proportion of the total) has been shrinking: most recently, it was reported that China now exports more to the Global South than to all developed countries combined.
This is, in large part, as China also pursues “friendshoring” by offshoring labour-intensive manufacturing to countries like Vietnam, Malaysia, and recently even considering expansion to Mexico.