www.bloomberg.com
China’s transformer exports surged to a record $9.3 billion (64.6 billion yuan) last year, marking a 36% annual increase. This boom was driven by soaring global demand caused by the rapid buildout of data centers and accelerating electrification. As these infrastructure demands strain global supply chains, worldwide transformer supplies are tightening, causing prices to rise. China has capitalized on this shortage, securing substantial gains through its record export volumes.
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