Trade in BRICS? What Happens When China Stops Trading with the US and EU?
China, a major player on the world stage, is making bold moves in trade that could have far-reaching consequences, including for us in the USA. Developing countries and emerging markets now play a bigger role in China’s trade strategy than traditional heavyweights like the US and Europe, accounting for 56.7% of China’s total trade volume. This shift is driven by China’s partnerships through the Regional Comprehensive Economic Partnership (RCEP) and free trade agreements with 154 countries as part of its Belt and Road Initiative.
China’s car exports have surged, making it the world’s top car exporter, with 840,000 vehicles shipped to Russia last year alone. As China strengthens ties with emerging markets, these regions have doubled their share of global trade since China joined the WTO in 2001, becoming central nodes in global value chains.
China’s strategy isn’t just about trading more; it’s about trading smarter with a broader set of partners. Trade with BRICS countries (Brazil, Russia, India, and South Africa) has surged, with trade reaching trillion yuan in the first quarter of 2024. China is also expanding its BRICS circle to include Iran, the UAE, Saudi Arabia, Egypt, and Ethiopia, enhancing the economic footprint of the BRICS bloc.
China’s relationship with Iran revolves around energy, while ties with the UAE span sectors like energy, technology, and infrastructure. Saudi Arabia, a key energy partner, anchors much of its bilateral trade with China in crude oil. Egypt is a strategic gateway to Africa and the Middle East, and Ethiopia sees significant Chinese investment in infrastructure.
China’s trade dynamics with the EU are also shifting, with China remaining the EU’s largest goods supplier despite a 17.8% dip in imports from China in 2023. China dominates the global supply chain for heavy rare earth elements and critical minerals essential for high-tech products and clean energy technologies, underscoring the need for diversification and boosting domestic production capacities.
In the US, dependence on China for critical components in sectors like EV batteries and solar cells poses a national security concern. Strengthening domestic supply chains and securing critical supply chains against potential disruptions are crucial steps to balance these challenges with global trade opportunities.
#ChinaTrade #BRICSTrade #EmergingMarkets #GlobalValueChains #ChinaEconomicStrategy
1 view
1
0
5 days ago 00:17:58 5
Un navire de la marine mexicaine s’écrase sur un pont de Brooklyn avec 200 passagers à bord-MDL NEWS
2 weeks ago 00:10:32 2
AfD-Mann entlarvt alle CDU Lügen nach der Wahl und bringt ganzen Landtag zum beben!
3 weeks ago 00:13:11 6
PUTINS Rede auf der Parade zum 80. Jahrestag des großen Sieges gegen das NS-Regime! (deutsch)
3 weeks ago 00:00:00 14
LIVE: PUTIN JINPING | Xi in Moscow To Meet Putin & For Russia’s Victory Day Celebrations | TNW LIVE
3 weeks ago 00:23:30 2
Bitcoin to $1 million? Arthur Hayes Drops BOMBS 💣 BTC & Altcoin price prediction. Token2049
1 month ago 00:01:13 3
Star Wars Outlaws: A Pirate’s Fortune | Story Pack #2 Reveal Trailer
1 month ago 00:03:10 0
XAI27K Presale: The Next Big Thing in Crypto – How to Buy XAI Token 🚀 (2025 Guide)
1 month ago 00:21:14 4
We’re LOSING The Tariff War With China: How Our Elites Sold Us Out
2 months ago 00:22:19 9
Billie Eilish: Tiny Desk Concert
3 months ago 00:11:40 2
Monika Gruber mit wichtiger Botschaft an alle DEUTSCHEN Wähler zur kommenden BUNDESTAGSWAHL!
4 months ago 00:28:02 1
ЧЕЙ 4х4 ЛУЧШЕ?? Новая УАЗ Буханка против Соболь NN 4х4. Битва внедорожников на бездорожье BOSSLER L8
4 months ago 00:04:08 1
The New Ultimate Crypto Arbitrage: Method Maximize Gains Fast
4 months ago 00:00:11 2
PC500 rollers #trade #machine#track roller#Komatsu 500 heavy duty wheel#China Machinery
4 months ago 00:02:42 1
Pokemon TCG Pocket Hack iOS & Android - How to Get Poke God, Free Tickets with Pokemon TCG MOD APK
4 months ago 00:25:57 1
Curators’ Tour of Silk Roads exhibition at the British Museum
5 months ago 00:05:41 0
Matteo Mancuso & Joscho Stephan Trio // Django’s Tiger
5 months ago 00:10:47 0
Soufi-Siavash über den entscheidenden Unterschied zwischen der AfD & ALTPARTEIEN!
5 months ago 00:12:38 0
AfD-Mann spricht Wahrheit über LINKE Politik in Deutschland aus!
5 months ago 00:13:52 0
Day In The Life Of A Memecoin Millionaire Trader
5 months ago 00:04:54 1
EnviFX Review : Is This the Best Trading Platform for 2025?
5 months ago 00:49:29 0
The US stock market is in the biggest bubble in history. The entire economy is at risk.
5 months ago 00:08:18 0
CoinTech2U vs Bitget : Which Platform Is Better for Your Trading Journey?
5 months ago 00:03:40 0
*NEW* Pokemon TCG Pocket HACK/MOD 2025 ✅ How to Get UNLIMITED Poke Gold & Tickets!! iOS & Android
5 months ago 00:04:51 0
PUPrime vs IC Markets : Battle of the Best Forex Brokers for 2025!