China’s next export is the world’s factory itself
China’s export boom is reaching its limits. The country’s next phase of growth will come not from shipping more goods abroad, but from exporting its factories, technologies and brands. China is running up against the limits of its old model. It is obvious as the economy looks increasingly K-shaped. Weak consumer confidence and a prolonged property slump continue to sap domestic demand, forcing manufacturers to rely ever more heavily on overseas markets. Exports have become the Chinese economy’s...
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The country’s next phase of growth will come not from shipping more goods abroad, but from exporting its factories, technologies and brands.
Weak consumer confidence and a prolonged property slump continue to sap domestic demand, forcing manufacturers to rely ever more heavily on overseas markets.
Exports have become the Chinese economy’s strongest economic engine just as growth at home has faltered.
However, that approach is nearing its limits, despite China having shipped a record number of cars in June.
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