图2.2.2：.China'sShareofGloballmportsversusGlobalValue-addedinFinal Demandin2024

Despite its scale, China's importance as an end-market is often masked in gross trade statistics. than finished products - components, parts, and and assembly. A meaningful share of the resulting in what it consumes, many goods purchased by market rather than re-exported. In this sense, regional economies are already serving Chinese final demand, products. As a result, China can appear less important data, even when domestic consumption is large in statistics, which trace production across stages and consumed, make China's position as a final-demand of regional production networks. Much of ASEAN+3 further strengthen this dimension, expanding the role of Chinese domestic demand regionally. The demand landscape. For ASEAN+3 economies, exports China. These dynamics will shape the region's export important. Looking ahead, China's gradual economic 21 As discussed in Part 1's analysis of final-demand destinations for ASEAN+3 economies, China's fnal demand has increasingly served as a major