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Tariffs Pushing China Closer to Global South
The Straits Times
|August 20, 2025
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.
Dit verhaal komt uit de August 20, 2025-editie van The Straits Times.
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