China's manufacturing scale has no historical precedent. $3.8 trillion in exports in 2025. A $1.2 trillion trade surplus — the largest any country has ever recorded. China is the top import partner for roughly 40% of the world's countries.
China now trades 50% more with the Global South than with the US and Europe combined.
But trade grew faster than the plumbing underneath it. The banks, correspondent networks, and currency markets that move money between these regions weren't built for this volume, and in many cases, barely exist at all.
Which leaves Chinese exporters with a problem: how do you get paid by countries that aren't well connected to the global financial system?
To answer that question, we visit the electronics markets of Shenzhen, the historical trade ports of Guangzhou, and the financial center of Hong Kong.
In this episode, we're joined by Vincent Yang, Co-founder of Obita.
This episode of Money Trails is presented by the Stellar Development Foundation.
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