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Can China export its way out of its economic slump?

No country has had more export success than China, but Beijing faces risks in turning to the tested method of selling more abroad.

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The assembly line at a factory of Chinese carmaker Nio in Hefei, in China's eastern Anhui province.

The assembly line at a factory of Chinese carmaker Nio in Hefei, in China's eastern Anhui province.

PHOTO: AFP

Keith Bradsher

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China

dominates the global sale of solar panels

and has caught up with Japan as the world’s largest car exporter. It is even gaining in the worldwide sale of low-tech products like shoes.

Now Beijing is weighing whether to deploy its considerable power as an exporter to try to stabilise an economy labouring under distinctly home-grown problems – a real estate crisis and weak spending by consumers, still cautious after nearly three years of stringent pandemic restrictions. The decision could reverberate throughout the global economy and provoke a backlash among trading partners that are already under siege by China’s exports.

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