Why China’s Export Growth to ASEAN Isn’t What It Seems
In April 2025, China’s export sector defied expectations, growing by 8.1% year-on-year in USD terms — far exceeding the 1.9% increase forecast by economists. While exports to the U.S. fell sharply by 21.3%, exports to ASEAN countries surged by 21%. At first glance, this shift might suggest a healthy diversification