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China’s exports feed the Global South’s industrial engines
['Zhou Xiaoming']
News - South China Morning Post
The premise assumes that China and the Global South are fighting over the same slice of the global consumption pie – cheap T-shirts, plastic sandals, toys.
It is the supply list of a systemic partner that is feeding other nations’ industrial engines.
China’s share of global garment exports fell to just under 30 per cent in 2024, a significant drop from its peak of over 40 per cent about a decade ago.
China’s share has dropped while Indonesia and India have gained ground.
China is not shipping goods to outcompete Global South producers; it is shipping the building blocks that make factories viable.