高盛：中国贸易数据看板 2025 年第一季度：美国对等关税宣布前出口量增长强劲

1 These are based on BOP definitions; the goods trade surplus would be 4.8% of GDP in 2025 (vs. 5.2% in 2024) based on the Customs definition. Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. Andrew Tilton +852-2978-1802 | andrew.tilton@gs.com Goldman Sachs (Asia) L.L.C. Hui Shan +852-2978-6634 | hui.shan@gs.com Goldman Sachs (Asia) ...