BTCC
/
BTCC Square
/
Global Cryptocurrency
/
China Dismisses Global Takeover Claims as Exports Drive Growth
China Dismisses Global Takeover Claims as Exports Drive Growth
20
2
BTCCSquare news:
China's robust export performance is a response to international demand rather than a strategic play for market dominance, Vice Finance Minister Liao Min asserted at a G-20 meeting. First-half GDP growth of 5.3% aligns with Beijing's targets, providing stability amid global trade tensions.
The $586 billion trade surplus reflects pre-tariff shipment surges, though officials anticipate moderation. Domestic consumption now fuels 86.4% of economic expansion, signaling a deliberate rebalancing. "We're advancing toward a consumption-driven model while maintaining export competitiveness," Liao noted, highlighting a 56.2% consumption contribution to GDP.
By:
Previous
Japan’s Trade Negotiations and Economic Indicators Amid Crypto Market Watch
Next
US Dollar Dominance Persists Amid Global Reserve and Trade Supremacy
