A luxury car showroom in Beijing. China is the world’s largest market for automobiles and by 2017, it accounted for 28 per cent of the sector globally. Photo: AFP
David Dodwell
Opinion

Opinion

Inside Out by David Dodwell

The world of trade has moved on and Trump’s tariffs are targeting yesterday’s challenges, not today’s

  • As China consumes more of what it produces, the importance of exports is on the wane
  • Beijing exports just 9 per cent of its total output today compared with 17 per cent in 2007, according to a McKinsey Global Institute report

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A luxury car showroom in Beijing. China is the world’s largest market for automobiles and by 2017, it accounted for 28 per cent of the sector globally. Photo: AFP
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