China News

Flagship Chinese companies, spanning sectors from tech to retail, are increasingly shunning the United States and expanding in less-developed markets such as Southeast Asia, where they can leverage historic low-cost advantages and build out supply chains, a Goldman Sachs strategist said. Chinese exports to non-US markets have grown at a compound annual rate of about 7.5 per cent since 2018, according to a research note by the investment bank. In contrast, exports to the US have declined by 0.6...

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