Part 6/13:
High-tech manufacturing sectors like semiconductors and electric vehicles have contributed significantly to export growth over recent years. China’s ability to efficiently produce a diverse array of goods continues to fortify its position as the world's leading industrial exporter.
Why Does China Import Less Than It Exports?
Given its massive export volume, one might assume China imports equally large quantities of goods. However, its persistent trade surplus indicates that China's imports are comparatively restrained. This balance—or imbalance—is influenced by several factors: