Goldman asks the question in less obnoxious terms.
China’s export rise is historically exceptional. From 2000 to 2025, China’s share ofn global nominal goods exports increased from 4% to 15%, surpassing the peaks
of Germany in the 1970s and Japan in the 1980s.
With import volumes unlikely to rise significantly given the pursuit of “self-reliance”, China’s trade surplus continues to reach new highs, raising the question of how much further Chinese exports can expand.
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