Signal Chinese goods exports up 40% since the housing crash while imports flatline

Summary

Eurasia Group reports that China's goods exports have grown by 40% since its housing crash began, while the volume of its imports has barely changed. Last year the Chinese trade surplus rose above one trillion dollars. The report calls Xi Jinping's industrial policy beggar-thy-neighbour, aimed at making other countries dependent on Chinese supply chains while China becomes self-sufficient. For most partners, it argues, trade with China now brings deindustrialisation and slower growth. Some partners, the European Union among them, will react with tariffs and subsidies, but few alternative supply chains exist.