Tariffs Pushing China Closer to Global South

US President Donald Trump's tariff war is accelerating Beijing's trade and investment push into developing nations known as the Global South, according to research by S&P Global, potentially creating a new trade order dominated by Chinese firms.

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HONG KONG -

China's goods exports over the past decade have doubled to nations mostly across South-east Asia, Latin America and the Middle East, compared with growth of 28 per cent to the US and 58 per cent to Western Europe, S&P Global said in a report on Aug 19. That trend has accelerated in the past five years.

The tariff-led push comes while Chinese firms are seeking new markets abroad as the world's second-largest economy slows, and as its companies seek to carve out manufacturing hubs for goods from electric vehicles to electronics.