Problem is their weak consumer sentiment.
No matter how strong China's exports are, its net exports only contribute to ~2% of GDP, compared to ~40% from household consumption.
View attachment 66174
View attachment 66175
data.stats.gov.cn
Household consumption makes up a far larger component of GDP than net exports. It's not possible for a large economy like China to just export its way to prosperity. Building more every year (investment in fixed assets) is also not sustainable, because they are cumulative. You can't build a growing number of bridges every year (+1, +2, +3..) when the bridges that are built are still there.
Ultimately, they have to consume more to push the economy, and consumer sentiment is currently weak due to the property market/job insecurities.
View attachment 66176
Globaltimes:
https://www.globaltimes.cn/page/202311/1302541.shtmlView attachment 66177