CX Daily: Fixing China’s Trade Imbalance Needs a Home Remedy

Trade /

Cover Story: Fixing China’s trade imbalance needs a home remedy

Amid a prolonged real estate downturn and lukewarm domestic consumption, exports have once again emerged as a key driver of China’s economic growth. However, the surge in overseas shipments is a double-edged sword, as it has sparked retaliation among China’s trading partners concerned about protecting their own domestic industries and intensified simmering political frictions with the U.S. and Europe.