The U.S. is buying a lot less from China this year, but China has found more business just about everywhere else in the world. For the New York Times, Agnes Chang and Daisuke Wakabayashi have the charts.
China has offset the decline from America with breathtaking speed. Shipments to other parts of the world have surged this year, demonstrating that China’s manufacturing dominance will not be easily slowed. Chinese exports are on track to reach another record this year.
That’s because China was prepared. It has been seeking out new customers for years, and its massive manufacturing investment allows it to sell goods at low prices.
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