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Chinese factories rush to reduce reliance on Donald Trump’s US

Companies in major exporting province of Zhejiang look to other markets or to sell at home

Chinese manufacturers are racing to find buyers at home and abroad as trade tensions with the US threaten their single largest export market.

Chinese trade data released since US President Donald Trump announced high tariffs in April shows increased exports to alternative markets partially offsetting a plunge in US-bound shipments.

The value of exports to Europe in May climbed 12 per cent from a year earlier, with shipments to Germany up 22 per cent. Exports to south-east Asian countries rose 15 per cent.

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