China’s trade with Belt and Road participants is expected to continue growing in 2025, driven by rising demand in emerging economies for products related to green transformation, consumption upgrades, and industrialization.
Market experts and business leaders believe that Chinese exporters will further diversify their markets to mitigate risks posed by protectionism and “decoupling” efforts by certain nations, while improvements in regional connectivity and supply chain operations also contribute to this growth.
China’s trade with BRI countries rose 6% to 18.74 trillion yuan ($2.57 trillion) from January to November, according to the General Administration of Customs.
Trade with the Association of Southeast Asian Nations (ASEAN) increased by 8.6%, while trade with Latin America and Africa grew by 7.9% and 4.8%, respectively.
The BRI’s success, along with the favorable conditions from the New International Land-Sea Trade Corridor and China-Europe freight train services, has supported China and its partners in boosting trade relations.
Wan Zhe, a professor at Beijing Normal University’s Belt and Road School, highlighted that countries like Saudi Arabia, the UAE, Indonesia, and Vietnam are showing strong demand for goods and infrastructure projects, presenting growth opportunities for Chinese exporters.
China has cultivated innovative companies and industrial clusters with strong global competitiveness, transitioning toward green growth in recent years.
Lyu Yue, from the University of International Business and Economics, noted that the increase in new orders from BRI economies will not only spur growth for Chinese manufacturers but also drive investment in new plants, service centers, and innovation facilities in BRI markets.
Huzhou Sany Loader Co Ltd, a Zhejiang-based equipment manufacturer, has been exporting electric-powered loaders to BRI markets, including Indonesia, Malaysia, and Brazil.
These loaders, priced around 1 million yuan each (twice the cost of traditional diesel loaders), offer significant savings in operating costs, and the company plans to focus on expanding its electrified product exports in the coming years.
Amphenol High-Speed Technology (Nantong) Co Ltd, a Jiangsu-based cable manufacturer, has seen a significant increase in exports to BRI countries.
The company shipped 1.35 million yuan worth of cables to Vietnam, marking the 198th batch of exports to BRI nations. Its total exports for the year surged by 190%, with over half of its shipments going to BRI markets.
The ongoing global supply chain reshaping has created new opportunities for Chinese companies to align their products with changing market demands.
Hu Weizhong, General Manager of Amphenol, stated that these shifts provide Chinese companies with the chance to better meet the evolving needs of international markets.
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