中国出口大增9.3%！美国出口遭重击？贝森特：“不要做空美国”

Core Viewpoint - China's exports surged by 9.3% in April, reaching 2.27 trillion yuan, despite a widening trade deficit with the U.S. by 20% [1][3] Group 1: China's Export Performance - Exports to ASEAN reached 1.48 trillion yuan, contributing significantly to the overall growth [3] - Exports to Africa increased by 15.1%, while Latin America saw an 11.5% rise [3] - High-tech product exports, such as industrial robots, soared by 58.3%, indicating a strong demand for advanced manufacturing [3] Group 2: U.S. Export Challenges - U.S. exports to China plummeted by 21% in April, with significant declines in agricultural and aerospace sectors [5][12] - The semiconductor exports to China rebounded to $10.5 billion, but mainly consisted of low-end chips [5] - The U.S. faces a severe downturn in education exports, down by 25%, and a halving of tourism revenue compared to pre-pandemic levels [12] Group 3: Trade Dynamics and Supply Chain Adjustments - The trade war has led to a significant shift in supply chains, with companies relocating production to countries like Mexico and Thailand [10] - China's exports to the U.S. have decreased by 35%, yet its global market share has increased by 0.8% [10] - The trade strategies employed by China and the U.S. reflect a complex interplay, with China adapting quickly to new market conditions [14]