As Xi Jinping battles unprecedented deflation and shrinking investment, he’s betting that China can sell more and more goods to the world to drive growth. To that end, Donald Trump’s threats against key US allies are coming at a good time.
China’s world-beating export juggernaut played a key role in helping Xi hit his 5% growth target for 2025, accounting for the largest share of expansion since 1997, according to data published Monday. That papered over deep cracks in the domestic consumer economy: The country’s property market remains moribund, deflation marked its longest slump since the 1970s and ...
