Is decoupling happening? China fell to the third largest trading partner of the United States, who a

Mondo Social Updated on 2024-02-09

Kunpeng Project

Is decoupling happening? China fell to the third largest partner of the United States, who are the top two?

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In the world, the economic and trade cooperation of various countries and the best exchanges between each other have become a major symbol of economic and trade exchanges between countries.

In recent years, the world economic situation has changed rapidly, and the international economic and trade pattern has undergone unprecedented changes. What is particularly concerning is that China, the world's second largest economic power, has also attracted widespread attention to the changes in its economic and trade cooperation.

According to recent figures, the amount with the United States fell to 116%, the United States has gone from China's number one partner to the second largest country in the world. This transformation has not only opened a new chapter in the economic and trade cooperation between China and the United States, but also means a huge reshuffle of the world economy.

So, which country has surpassed the United States to become China's two largest countries?

The U.S. economy is gradually detached.

With the development of economic globalization, international development has become a key link in the economic development of various countries, and it is also the key to improving national economic development and people's living standards.

The United States has become China's first major partner in the development of global economic integration, but China's manufacturing industry is developing rapidly, the overall strength is increasing, and the situation is changing.

As the world's largest economic power, the United States has gradually lost confidence, and they have transferred all of China's best products to China, the United States, Japan, and South Korea. China's low-end manufacturing companies are considering moving to Southeast Asia, Mexico, and India.

And in these areas, there is not enough product, and there is not enough product, and ** is also high.

The economic and trade relationship between China and the United States will undergo a major transformation in 2023. The total amount between the two countries is 66445.1 billion yuan, compared with the previous year**116%。

The decline in China's exports to the United States was particularly prominent, with a decline of 13 in the same period last year1% to 5002$91 million.

This shift represents a major reorientation of China's U.S. partnership.

The biggest consequence of this is that inflation in the United States will become more serious.

Since the United States dissociated itself from us, its actions have further complicated the world chain, and at the same time increased its costs and possible dangers.

The most immediate effect is that their income is restricted, while their cost of living is constantly increasing.

The European Union is not far behind.

What are China's largest partner countries?

At present, the EU, as China's second largest partner, will have a 1.2% decline in bilateral volume by 2023 under the effect of its "de-risking" strategy (essentially a decoupled action).9%, up to 551 trillion, that is, 13 of China's total foreign affairs2%。

Such a shrinkage has widened the gap between China and ASEAN and Europe, indicating that ASEAN's role in China's foreign world pattern is gradually increasing, while Europe is decreasing.

From the perspective of China's external composition, this shift indicates that China will no longer rely on its traditional largest partner, but will establish closer relations with other countries.

In particular, the bilateral relationship with ASEAN and the distance between China and Europe are also increasing, showing China's positive contribution to promoting regional economic integration and regional cooperation.

Due to the decline in exports to Europe and the United States, Chinese companies will accelerate the shift to high-value-added, high-tech goods to meet European requirements for high quality and high environmental standards.

This is of great significance to enhance the competitiveness of Chinese goods in the world, as well as to promote the transformation and sustainable development of China's manufacturing industry.

Reducing the amount of money with Europe is actually an important measure in our quest for diversification.

In recent years, with the increasing amount of China to emerging countries such as Latin America, Africa, Oceania and developing countries, its position in the world network will also be further improved.

This is not only a new growth point for the development of Chinese enterprises, but also an important embodiment of the gradual shift of the world economic center and the development of the world's multipolarization.

Taking China's largest amount of money to Africa as an example, although its growth rate is small, it has played a good role in promoting Africa's infrastructure construction and the upgrading of local industrial chains.

The large amount of investment made by Chinese companies in Africa has not only created a large number of local jobs, but also brought new impetus to Africa's long-term development.

What are China's largest partner countries?

Under the complex and challenging international economic situation, the economic and trade exchanges between China and ASEAN have continued to rise, and it has become ASEAN's largest partner for the fourth year.

This change not only reflects the importance of ASEAN to China's foreign world, but also reflects China's active attempts at multilateral economic and trade agreements and regional economic and trade cooperation.

Faced with declining cooperation with the United States, China is constantly expanding its ties with ASEAN, India, and Russia in order to diversify its own cooperation network.

China adopts such a strategy, on the one hand, to deal with the current global problems, and on the other hand, to improve its own economic level and improve its competitiveness.

ASEAN is China's largest partner, with a total of 9,117 to China last year$1.8 billion, although it decreased by 49%, but it still occupies a significant position in the world economy.

Vietnam, Malaysia and Thailand are the three largest economies in ASEAN, and they have particularly close exchanges with China.

China's growing economic and trade ties with these countries have not only helped Chinese companies expand into Southeast Asian markets, but also boosted China's exports from industries such as electronics, machinery and consumer goods.

China's economic and trade cooperation with India, Russia, and other countries has also shown a new trend of development. India's total exports and imports both increased by 15%, meanwhile, Russia's total exports and imports increased by 26 percent at a staggering rate3%。

The above figures show that under the general international economic and trade situation, China is still expanding its economic and trade exchanges with ASEAN countries, constantly opening up new markets and opening up new space for development.

China is facing a shift in U.S. economic and trade relations with China, and is facing both enormous challenges and tremendous opportunities. This requires Chinese enterprises to accelerate independent research and development to enhance their competitiveness in the global market; At the same time, it is also an opportunity for China to further deepen its economic ties with other countries around the world and build more diversified economic and trade cooperation.

For example, by participating in and promoting multilateral economic and trade agreements such as "China-Central Asia", China can not only integrate the Asian market, but also achieve broader economic and trade exchanges with Europe and Asia.

In this process, China's strategy has clearly tended to be balanced and diversified. China should not only strengthen economic and trade exchanges with other countries, but also vigorously develop emerging markets, and gradually establish a more balanced and flexible international system.

This will not only help China cope with the impact of the world financial crisis, but also help China maintain long-term and healthy development and promote the steady development of the world economy.

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