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The trade war has just begun. For 25 years in a row, China's largest foreign trade city has seen

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2018-08-10
Some people say that this trade war between China and the United States is a mirror image. Where the impact is most obvious, it will show the fastest. For example, shenzhen, China's largest export city for 25 years, saw negative export growth in the first half of this year.

On August 3, China hit back at us blackmail and imposed tariffs of 5-20 per cent on us exports of $60bn of Chinese goods.

Adding up the previous $50 billion tax increase, China is already worth $110 billion. In terms of trade, China is already close to taxing all Chinese exports to the United States.

The United States is shenzhen's second largest exporter. After the friction between China and the United States escalated, the export data of the United States declined significantly, with the year-on-year negative growth of nearly 7 billion yuan in March and may. Hong Kong is shenzhen's largest export destination. Most of shenzhen's annual goods to Hong Kong are exported via Hong Kong to the United States and other places. Add that up and the total value of shenzhen's exports to the United States has fallen more than we thought.

In fact, it is not hard to see that shenzhen is the epitome of the national import and export trade situation, the most representative for the country. Shenzhen is the most competitive city in China's industrial export. The negative growth of shenzhen's exports indicates that China's overall foreign trade and economic situation is much more serious than we predicted and imagined.

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