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China's Export-Led Growth Surges to 1997 High

Bloomberg Markets •
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China's economy grew at its fastest pace since the late 1990s, with exports providing the largest single boost. This reliance on foreign sales mirrors the period after the Asian financial crisis, showcasing the country's resilience. The data confirms how trade has remained a vital engine despite recent global headwinds.

The surge highlights how China weathered the trade war initiated by former U.S. President Donald Trump. By leaning on external demand, Beijing mitigated the impact of tariffs and domestic slowdown pressures. This strategy underscores the enduring strength of its manufacturing base and global supply chain integration.

Looking ahead, the question remains whether this export momentum can be sustained. With global growth cooling and geopolitical tensions persisting, policymakers may need to pivot toward domestic consumption. Investors will watch upcoming trade data closely for signs of continued strength or emerging softness.