China’s economic exchange with the Global South has increased significantly. The People’s Republic’s share of trade with 25 emerging and developing countries has risen from around 12 to 20 percent since 2010, according to the German magazine Der Spiegel, based on an analysis by the Cologne Institute for Economic Research (IW). The US share remains unchanged at around 18 percent, while the EU share fell from 17 percent to 14 percent.