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China dominates world export markets despite US trade war

Asian countries' supply chain dependence deepens, with RCEP set to boost trend

China's presence in global export markets has increased dramatically during the past two decades. (Source photo by Reuters)

TOKYO/BEIJING -- The extent of the global economy's dependence on China is becoming clear.

With the coronavirus pandemic disrupting global logistics, there has been growing momentum to reduce dependence on China in supply chains. But China's share of global exports is actually rising, and is now even exceeding the level before the Sino-U.S. trade war broke out in 2018. Some believe that the recently agreed Regional Comprehensive Economic Partnership, a free trade agreement between 15 countries in Asia and Oceania, will boost China's presence in global trade yet further.

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