Emerging markets becoming new engines for global growth, Chinese exporters

Emerging markets are gradually replacing traditional markets as new engines for global economic growth and also for Chinese exporters, statistics from an industry platform showed.

Last year, Made-in-China.com (MIC), a platform connecting global buyers with Chinese suppliers, saw its traffic rise by 58 percent, 38 percent, and 32 percent in Southeast Asia, the Middle East, and Latin America, respectively, with the growth rate higher than developed countries.

Driven by infrastructure wave together with demographic dividend, the building materials industry in emerging markets is ushering in structural opportunities. According to the platform's data, the traffic of building decoration material industry on the platform increased by 46 percent year-on-year in 2024, ranking fourth in terms of the overall industry growth, with categories of geosynthetics, building steel and structural parts, bridge components, intelligent partition systems, and environmentally friendly saunas leading the market.

To discover new business opportunities, China's foreign trade enterprises are actively expanding into high-growth markets and high-potential industries.

"Under the new pattern of globalization, China's foreign trade enterprises should actively tap high-growth markets and anchor high-potential industries to achieve breakthrough and development," said Lin Hao, director of International Affairs at the platform.

Liu Ran contributed to this story