China’s Economic Growth, Trade Expansion, and Global Influence

A report from Xinhua on Mar. 5th, 2025:

A major driver of China’s foreign trade continues to be the Global South, particularly countries involved in infrastructure projects under the Belt and Road Initiative (BRI). In a significant milestone, BRI-participating countries accounted for over 50 percent of China’s total foreign trade value for the first time in 2024, reaching 50.3 percent. This underscores the growing importance of the BRI in strengthening trade ties and economic cooperation between China and developing countries, further solidifying China’s role as a key player in global trade and infrastructure development.

China is actively expanding its trade with the Global South, creating a mutually beneficial and win-win situation. On the one hand, the Global South seeks access to China’s vast market and aims to find buyers for its raw materials. On the other hand, China’s investments in infrastructure under the BRI provide these countries with critical development opportunities, fostering economic growth and connectivity. This synergy not only strengthens trade ties but also promotes sustainable development and economic cooperation, benefiting both China and its partners in the Global South.

China is actively diversifying its export portfolio by focusing on high-tech products, including electric vehicles, 3D printers and industrial robots, all of which are experiencing strong growth. This shift highlights China’s transition from a manufacturer of low-cost goods to a global leader in advanced technology and innovation.

Additionally, new forms of trade, such as cross-border e-commerce, are booming, further expanding China’s trade reach and adaptability in the global market. These developments not only strengthen China’s economic resilience but also reinforce its position as a key player in shaping the future of global trade and technology.