Latest news with #ChineseExports
South China Morning Post
11 hours ago
- Business
- South China Morning Post
Pressured by US tariffs, Chinese exports expand in Vietnam, Thailand, Indonesia
Chinese exports to major industrial centres in Southeast Asia rose by double-digit percentages in the first five months of the year to satisfy growing consumer markets, feed offshore factory investments and offset losses from high US tariffs. Advertisement Shipments to factory-magnet Vietnam increased by 18.8 per cent from January to May, compared with the same period in 2024, according to official data released on Monday. Meanwhile, exports to Thailand grew by 20.9 per cent, and Indonesia took 16.8 per cent more shipments from China. The global increase in Chinese exports was 6 per cent. Pressured by import tariffs imposed by the US, Chinese manufacturers are shipping more to factory sites in nearby Southeast Asia to make finished goods for sale locally or in Western countries – including the US itself, according to analysts. 'Exports are being diversified, bit by bit, and Southeast Asian countries are becoming more and more important trading partners,' said Zhao Xijun, a finance professor at Renmin University in Beijing. 'Economic and investment relations are becoming ever closer.' Thailand and Vietnam are particularly known for factories, some invested in by China, that make a range of items for re-export – cars and smartphones, for example. Advertisement While some exports may be transshipped from China via Southeast Asia to avoid US tariffs, analysts said, factories often inject enough local content into goods from China to declare any re-exports as made in Vietnam, Thailand or Indonesia.
Bloomberg
a day ago
- Business
- Bloomberg
China Exports to US Fall Most Since 2020 Despite Trade Truce
Supply Lines is a daily newsletter that tracks global trade. Sign up here. Chinese exports rose less than expected last month as the worst drop in shipments to the US in more than five years counteracted strong demand from other markets.
Bloomberg
15-05-2025
- Business
- Bloomberg
Chinese Disinflation Wave Is Set to Boost Emerging-Market Bonds
A wave of Chinese exports redirected toward emerging markets is likely to help crimp inflation across the developing world and bolster longer-maturity bonds, fund managers say. Goods from the Asian nation are set to flow away from the US due to the higher tariffs imposed by President Donald Trump, and be a force for disinflation elsewhere, according to Principal Asset Management, Banque Lombard Odier et Cie, and Barclays Plc. Bonds in countries with a high ratio of Chinese imports will benefit the most, including Malaysia, Brazil and South Africa, Barclays says.
News.com.au
09-05-2025
- Business
- News.com.au
China exports beat forecasts ahead of US tariff talks
Chinese exports rose last month despite the trade war raging with the United States, official data showed Friday ahead of talks between the world's top two economies towards easing the standoff. Experts said that the forecast-smashing 8.1-percent rise indicated that Beijing was re-routing trade to Southeast Asia to mitigate US tariffs of up to 145 percent on Chinese imports imposed by President Donald Trump. Trade between the world's two largest economies has slumped since Trump imposed the tariffs -- some cumulative duties are 245 percent -- and China responded with levies of 125 percent and other measures. The year-on-year increase in exports of 8.1 percent in April was much higher than the 2.0 percent forecast by analysts polled by Bloomberg last month. The data from the Chinese customs bureau showed exports to Thailand, Indonesia and Vietnam surged by double digits, in what one analyst called a "structural repositioning" of trade. "The global supply chain is being rerouted in real time," Stephen Innes of SPI Asset Management wrote in a note. "Vietnam looks set to become China's offshore escape hatch for US-facing goods," he said. "The manufacturing juggernaut is diverting flow wherever the tariff pain isn't." Month-on-month exports to the United States plunged 17.6 percent. Analysts at ANZ Research said the data revealed "it is difficult to exclude China from the global supply chain in the short term, considering China's role in manufacturing." "The implied supply chain realignment as well as the expected outcome of Asia-US trade talks suggests no imminent collapse in China exports," they added. Global markets have been on a rollercoaster since Trump began his tariff offensive aimed according to the White House at bringing back manufacturing to the United States. While Trump has suspended for 90 days many of the most painful levies, those on China have remained in place. Markets have been lifted by optimism over meetings set to take place in Geneva over the weekend between US and Chinese officials -- the first talks between the superpowers since Trump's trade offensive began. Washington has said it hopes the sitdown will allow for a "de-escalation", while Beijing has vowed it will stand its ground and defend its interests. - 'Persisting uncertainties' - Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, also attributed the forecast-beating exports to "transshipment through other countries." But he also cited potential "trade contracts that were signed before the tariffs were announced." "I expect trade data will weaken in the next few months." Imports were also being closely watched as a key gauge of consumer demand in China, which has remained sluggish. They also beat expectations, dropping 0.2 percent, compared with the 6.0-percent slide analysts had estimated. Chinese policymakers this week eased key monetary policy tools in a bid to ramp up domestic activity. Those included cuts to a key interest rate and moves to lower the amount banks must hold in reserve in a bid to boost lending. A persistent crisis in the Chinese property sector -- once a key driver of growth -- also remains a drag on the economy. In an effort to help the sector, Beijing's central bank chief said it would cut the rate for first-time home purchases with loan terms over five years to 2.6 percent, from 2.85 percent. The moves represent some of China's most sweeping steps to boost the economy since September. But analysts pointed to a continued lack of actual stimulus funds needed to get the economy back on track -- a task further complicated by trade headwinds with Washington. "Even if the tariffs may be trimmed depending on the outcome of US-China trade talks, the persisting uncertainties will continue to accelerate decoupling structurally," Gary Ng, senior economist for Asia Pacific at Natixis, told AFP.
Bloomberg
09-05-2025
- Business
- Bloomberg
China Not Taking EU ‘Seriously' on Trade Issues, Envoy Says
China has been ignoring the European Union's concerns over trade issues for the past two decades, the bloc's top envoy said, underscoring the challenges Beijing faces in its campaign to warm ties between the two sides. Jorge Toledo, the EU's ambassador to China, said both trading partners need to address growing imbalances in their relationship to preserve ties in an 'insecure and unstable' world. Beijing hasn't done enough to address long-standing EU complaints about Chinese exports and its treatment of European companies, he added.
