Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, February 11 /Xinhua/ — China's cooperation with its neighboring countries is complementary and mutually beneficial. A one-sided interpretation of the trade surplus, deliberately confusing the concepts of comparative advantage and unfair competition, is an attempt to discredit normal trade and production ties. This was stated by Serik Korzhumbayev, editor-in-chief of the Delovoy Kazakhstan newspaper, in an opinion piece, commenting on the so-called "second wave of China shock" in connection with China's foreign trade surplus.
According to data from the General Administration of Customs, China's foreign trade surplus will exceed USD 1 trillion for the first time in 2025. As S. Korzhumbaev notes, the structure of Chinese exports shows that intermediate and investment goods make the main contribution to its growth. At the same time, Chinese companies are actively promoting the localization of production chains.
For example, major Chinese automakers such as Great Wall Motor and SAIC have opened factories in Thailand and Indonesia. The localization rate at the Thai plant of another Chinese automaker, BYD, has already reached 54 percent. This facilitates technology transfer and improves the local industry.
According to S. Korzhumbaev, China consistently promotes a high-level openness policy, annually hosting international exhibitions such as the China International Import Expo and the China International Fair for Trade in Services. Many neighboring countries directly benefit from this.
China ranks second globally in terms of services imports. As the article notes, demand is particularly strong in the tourism sector—for many years, China has remained a key source of tourism for Thailand, Malaysia, Vietnam, and other countries in the region.
The author of the article is convinced that Chinese trade and investment projects are creating new opportunities for young people in partner countries. In Thailand, the "Lu Ban Workshop" project is being implemented, combining academic education and vocational training. All six programs have been accredited by the Vocational Education Council of Thailand and are integrated into the national education system. Graduates receive diplomas recognized by state education authorities.
S. Korzhumbayev notes that the international community is generally positive about China's economic prospects. The International Monetary Fund and Standard Chartered Bank have raised their growth forecasts for China's economy through 2026. Open, innovative, and focused on high-quality development, China remains one of the most important drivers of shared prosperity in Asia, concludes the editor-in-chief of "Business Kazakhstan."
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