China continues to shift exports to Global South

China’s exports grew 10.7% year-on-year in December, outpacing November’s 6.7% gain and beating analyst forecast of 7.3% growth. Restocking in anticipation of tariffs accounted for a small part of the gain, but the main driver of Chinese exports remains the Global South, especially to countries where China is building infrastructure. China’s exports to the Global South exceeded its shipments to