Recently, China’s General Administration of Customs released its import and export data for March. Surprisingly, exports increased by 14.8% YoY, almost exceeding everyone’s expectations. However, Chinese ports did not appear to be busy, with empty containers still piling up, which is not consistent with the surge in exports. Additionally, there has been a flood of news online about foreign trade companies relocating out of China or going bankrupt, as well as a wave of massive unemployment. So, what is the r
