China is once again shocking the world. Heavy tariffs imposed by Donald Trump, global protests, supply chain shifts—despite all this, China’s trade surplus has reached $1.08 trillion. This level was touched in December last year, but this time the record was broken in November itself. The question is – how is this possible even after tariffs? China’s victory hinges on three big factors—Innovation, Tech Edge and Cost Advantage. Exports to America started becoming expensive as tariffs reached about 47.5%. But China changed the game—instead of relying on the US, it did export diversification. 15% growth in Europe, 36% jump in Australia and 8% growth in Southeast Asia… that means China opened new markets. On the other hand, China deliberately kept the Yuan weak, due to which its products became more cheap and competitive in the global market. Because of this strategy, China today maintains the world’s largest foreign exchange reserve—far ahead of Japan. So is this the new Global Trade Order? Is China still the world’s manufacturing superpower? This video will tell you the whole truth.
Khanderao Deshmukh aims to guide job seekers by delivering accurate, timely, and easy-to-understand information, helping them secure stable government careers.
