MNI BRIEF: China's U.S. Exporters Increased Domestic Sales

Chinese firms engaged in exports to the U.S. saw domestic sales revenue grow of 4.7% y/y in April, with domestic business as a share of total revenue increasing by 2 percentage points compared to Q1, according to data released by the State Taxation Administration on Wednesday.

Among the 31 manufacturing categories, 21 saw U.S.-oriented exporters increase their proportion of domestic sales, the administration said. 

Nationwide  national corporate sales revenue grew by 4.3% y/y in April, continuing the steady growth trend seen since Q4 last year,  the administration added, noting the sales revenue in electrical machinery and computer manufacturing grew by 12.8% and 15.7%.

China could aim in upcoming talks with the U.S. for a reduction in 2025's additional tariffs on its exports to no more than 10%, policy advisors told MNI. (See MNI: China Sees 10% Tariffs As Realistic)