Your comments make me feel you know very little about Chinese economy .
The share of export sector fallen to Chinese economy is not because it's not strong, just because the internal consuming grew much faster and stronger.
During 2010-2019 it's almos the golden time for Chinese economy. the GDP ratio to India changed from 3:1 to almost 5.5:1, if combine HK and Macau, the ratio is already 6:1 by 2020. The automobile market from no.2 of world became the no.1 and the related GDP size is equal to USA+EU; and by 2020 Chinese local market almost consumed 35% luxury brands in the world...
By some statistics, 2019 is the year China's domestic consuming market overtake USA as biggest consuming market in the world, but few people noticed that.
It's not grew over night, Chinese government already knew the risk of dependency only on export and insfrasctures investment after 2008 financial crisis, but put lots of effort on stimulating consuming sector, like providing heavy subsidies to car and tv like stuff consuming in rural area. Do you know where those subsidy money came from, it's the money orginally for VAT refund of export (subsidying the export), but used for internal consuming market now.
Just because it's a total internal policy and execution, not many outsiders noticed that. And it also made the cost of car, tv, moile phone makers earned more money and made them became more competitive to international markert. Now you can see the market share on India's TV and Mobile phone, those leaders got huge subsidies during 2008-2019 by this hidden policy.
But export sector is still pretty strong, i still remeber even around 2006 China still had trade deficit with India, but how much deficit now India to China? The CEO of Micromax visited China in 2016 and claim they will have certain market share here and will have ambition to be top5 in the world, i was very amazed by that speech and we all knew the result.
But only one thing you said was right:
Yes, by now 2021 July, China is the only nation not hit by the virus badly and keep the whole supply chain wokring properly, the export GDP grew 20% compare to 2019, and orders from outside world is still growing, including orders shifted from India ...
Please check the artcile blew.
@Haldilal bro, i admire your effort on research Chinese economy, there are so many ignorant rant in this forum, you seems not quite like that. But please do more homework, you might find the true logic behind.
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