"Made in China" Going Global: Who's Quietly Making Money from the Whole World?

When you pick up a product in an overseas supermarket and look at the label, the words "Made in China" are no longer surprising. But have you ever wondered what astonishing business logic lies behind these products that have traveled across the oceans? Today, we're going to unveil the "wealth code" of domestic export trade.

According to the latest statistics, China's export trade volume has ranked first in the world for 15 consecutive years. But beyond the numbers, what's more worthy of attention is the structural changes:

• The proportion of mechanical and electrical products has exceeded 58%, replacing traditional clothing and toys.
• The export of the "New Three" (new energy vehicles, lithium batteries, photovoltaic products) has increased by more than 120%.
• The scale of cross-border e-commerce transactions has tripled in five years.

In a small town in Zhejiang, Mr. Zhang's factory produces 70% of the world's guitar strings every year; Ms. Li's team takes care of 60% of the wig orders in Europe and the United States. These kings in niche fields are opening up the global market with the "small but beautiful" strategy.

Export trade has never been smooth sailing:

• The cost of international logistics is still 40% higher than that before the pandemic.
• Green trade barriers cause losses of more than $200 billion every year.
• The restructuring of regional industrial chains brings new competitive pressures.

When traditional foreign trade meets AI, blockchain, and the metaverse, new business models are emerging. Perhaps the next one to change the rules of the industry is you who are reading this article. Why not share in the comment section: What amazing export cases are there around you?