# China’s export surge creates winners and losers at home 2026-08-09T23:43:52+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet China's export growth hit 24% in July, with a $113 billion trade surplus, even as domestic GDP growth slowed to 4.3% and retail sales turned negative. Livemint reports that Beijing's strategy to export its way out of a slump, dubbed 'China Shock 2.0' by Western governments, has sparked trade tensions, especially with Europe and the US. Chinese firms are now moving manufacturing abroad to bypass tariffs. Potential winners include EV makers BYD and Geely, battery giant CATL, and consumer electronics firms Midea and Haier. A yuan appreciation could also benefit state-owned enterprises with euro-denominated debt. ## Coverage - livemint.com Tags: China economy, EVs, export surplus, manufacturing, trade war, yuan appreciation Canonical: https://indianopinion.org/chinas-export-surge-creates-winners-and-losers-at-home/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/chinas-export-surge-creates-winners-and-losers-at-home/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.