China's 5% this quarter comes from massively subsidizing exports for its EV, battery, solar panels, at a steep loss per transaction, even though these type of e

China's 5% this quarter comes from massively subsidizing exports for its EV, battery, solar panels, at a steep loss per transaction, even though these type of exports are only 3% of overall exports. This is because their other engine of consumption and investment are failing. The window to do that is quickly closing, first with developed nations as Europe and US ramping up tariffs. Developing nations are starting to catch on, as Brazil and Mexico are hiking their tariffs on China as well. We'll see a steep drop of export (as we've seen for march [1]) for rest of the year. [1] China’s exports tumble 7.5% in March and imports also fall as demand slows https://apnews.com/article/china-trade-exports-imports-b25c21299101d2483f946a0ce264662f https://apnews.com/article/china-trade-exports-imports-b25c2...