In a dismal year for China’s export economy, two categories stood out for their rapid growth: cars, and cheap, direct-to-consumer parcels.
The two segments grew 29% and 69% respectively last year and represent the fastest expansion among sectors, with an export value of at least $10 billion, according to an analysis of Chinese customs data.
The explosive pace, which runs counter to the overall downward trend in Chinese exports, underscores how geopolitical pressure and a global slowdown have shaped the trajectory of what’s most in demand from China’s vast manufacturing complexes.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.