China’s economy grew at a 5.4% annual pace in the first quarter of the year, supported by strong exports ahead of the escalating trade war with the United States. Analysts predict a significant slowdown in the coming months due to the high tariffs imposed by both countries. Chinese leader Xi Jinping is visiting several Asian countries to promote free trade, presenting China as a stable and reliable trading partner. The focus on trade diversification is evident at trade fairs in China, with exporters expressing the need to look beyond selling to the US. Despite the challenges posed by the trade war, China remains committed to keeping its markets open for trade and investment. Exporters at the Canton trade fair emphasized the importance of exploring other markets, highlighting the vast global market beyond the US. China’s emphasis on trade with countries other than the US underscores its resilience and determination to navigate the uncertainties brought about by the trade conflict. The economy’s growth in the first quarter reflects China’s efforts to mitigate the impact of the trade war while seeking opportunities for growth in other global markets.
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