"Beggar Thy Neighbour": China's Exports Strain Global Industries

• China's surge in cheap exports is creating a "beggar thy neighbour" problem globally.
• While cheaper Chinese goods boost purchasing power, they strain domestic industries unable to compete.
• China's export volumes have risen sharply, while imports stagnated, capturing a larger share of the global manufactured goods market.
• Analysts suggest China's growth model prioritizes expanding exports and manufacturing competitiveness over foreign goods demand.
• A Goldman Sachs report indicates China's growth now negatively impacts global output, with intensifying fallout for other industrial economies.

Why It Matters: China's export surge harms global industries, shifting economic power.