China's foreign trade surged by 8.7% in the first two months of 2024, delivering a surprise boost to the global economy 🌍. Deloitte China's chief economist Xu Sitao called the growth \"extremely impressive\", as numbers smashed Reuters' forecasts by a wide margin.
🎯 Key drivers? Electric vehicles (EVs) ⚡️ and booming trade with ASEAN countries. But Xu warned of \"potential challenges\" in Europe during a CGTN interview, hinting at geopolitical headwinds.
🔍 Why it matters: With ASEAN now a top partner and Chinese EVs dominating markets from Jakarta to Berlin, this growth could reshape supply chains. Yet all eyes remain on how Europe’s new tariffs and green policies might impact momentum.
