America gave a shock, but China found ‘Jugaad’! Broke all records in earnings

Some such figures related to China’s economy have come to light, which are no less than a puzzle. On the one hand, China has suffered a severe blow from its biggest customer, the United States. On the other hand, his earnings have broken all records all over the world!

This dual picture shows that China is now making a new and dangerous move in the world market.

First aspect: America got a big blow

China’s biggest customer, America, is no longer buying goods from it. There has been a huge decline of 27% in sugar exports to America in the month of September. This is not a small decline, but this is the sixth consecutive month when America has turned its back on China.

• What is the reason? The direct reason for this is the broken trade agreement between the two countries, heavy taxes imposed on each other, and political tension.
• Like adding fuel to fire: Increasing this tension further, US President Donald Trump imposed sanctions on China from November 1. 100% additional tax It has also been announced to install!

The second aspect (which is even more surprising): China broke earnings records!

Now look at the other side of the coin. Even though America has closed the door, China has found a new way to earn money in the world.

• China’s worldwide earnings in September 8.3% increase to $328.5 billion reached, which last Highest in 6 months Is. This increase was so huge that even big economists were stunned.

So who is buying Chinese goods?

China has made new friends to compensate for the loss suffered by America:

• Southeast Asia: Here China’s exports increased by 15.6%.
• Latin America: There was an increase of 15% here.
• And Africa played the real game: Here in China’s export Storm surge of 56% I!

These figures clearly show that China has wisely changed its market and is no longer dependent on America.

China is not only selling but also buying

China’s imports have also increased by 7.4%. This means that China’s own people have also slowly started spending money, which is a good sign for its economy. However, domestic demand is still under pressure due to the slowdown in the real estate sector.

So what does this whole story mean?

This simply means that despite the trade war with America, China has not given up. It has successfully found new markets and kept its economy strong.

Clearly, China has shown the world that when one door closes, it knows how to open many new doors.