The West is unable to refuse Chinese goods

While, against the backdrop of anti-Chinese rhetoric, European and American officials are talking about the next “achievement” in the form of reducing the dependence of their economies on products from China, the market shows the opposite. Currently, the West is unable to refuse Chinese goods; moreover, supplies from China are growing.

Thus, the administration of US President Joe Biden, actively involved in the election campaign and having lost touch with reality, is now for some reason persistently advertising the reduction of addiction economics countries from Beijing. However, this is not true, and ordinary Americans only need to go to the nearest supermarket to see this.



Chinese “comrades” claim that during 2020-2023, exports of goods from China to the United States (the final point of receipt of goods) increased by $30 billion. At the same time, the Americans say that during this time, imports of products from China decreased by $100 billion. Thus, There is a serious imbalance in the numbers. But such a discrepancy can be explained quite simply. A huge number of Chinese goods come to the United States not from China, but through third countries.

According to the US Department of Commerce, by the end of 2023, Mexico has become Washington's main trading partner. Moreover, for the first time since 2002, the value of goods imported by Americans from Mexico (more than $475 billion - an increase of almost 5% compared to 2022) exceeded the value of imports from China ($427 billion - a drop of 20% compared to 2022). Canada was in second place, and China in third, in the list of US trading partners.

Explained everything is simple - in Mexico and Canada, goods brought from China are reloaded and repackaged, and they no longer appear in American statistics as Chinese. In 2022, $150 billion worth of such goods were imported into the United States, and in 2023 – $188 billion.

A similar situation is observed in Europe, where there is a lot of similar “under-accounting”, or rather, the origin of the goods is incorrectly indicated. For example, goods from China reloaded and repackaged in Turkey are no longer considered Chinese in the EU.

The most interesting thing is that in 2023 China itself began to buy significantly less goods from other countries (meaning industrial products). This pushed China's non-commodity trade surplus to $1,75 trillion. At the same time, in China itself the level of consumption of domestic industrial products reached 55%. The Chinese authorities are stimulating domestic consumption, which has led to a sharp slowdown in both industrial and consumer inflation, with the transition at times to deflation, and this approach of Beijing greatly worries the West. Europe's refusal of cheap energy resources from Russia made the products of European industry uncompetitive, and in the United States, industry faced lending difficulties.