Zhongtai Securities research reports believe that since the beginning of this year, China's foreign demand has been consistently stronger than domestic demand, and exports are the most important support for the current Chinese economy. However, from May's PMI new export order index and export delivery value compared with the same period last year and other leading indicators, exports are under marginal pressure. Under the promotion of overseas replenishment, international institutions such as the WTO predict that global trade in goods will rise in 2024, and China's export pressure mainly comes from the top reversal of its share. Looking ahead to the second half of 2024, China's export market share will continue to maintain resilience. The expected proportion of China's exports to the global total amount in 2024 ranges from 13.8% to 14.2%, with a median of 14.0%. The second half of 2024 will not be pessimistic for China's exports.
中泰证券：下半年中国出口份额会继续维持韧性
Zhongtai Securities: China's export market share will continue to maintain resilience in the second half of the year.
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