China Should Focus Exports on Global South, Central Bank Adviser Says

(Bloomberg) — China’s government should back a shift of exports toward developing countries, so it can find markets with the capacity to digest its industrial output and ease tensions with other trade partners, said an adviser to the nation’s central bank.

“We have to pay attention to the way the international market responds” to China’s exports as its economic weight grows, said Huang Yiping, a member of the monetary policy committee of the People’s Bank of China. “We must come up with ways to reduce the conflicts,” he said in a speech in Shanghai on Thursday.