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Goods trade growing in China only

2021-01-15 09:57:57       source:Global Times

January 14, 2021


With China's exports in full swing, and helping mend the coronavirus-fractured global supply chains despite intermittent threats and hostile moves from the US and Australia, the country's exports have proven to be a tower of strength for its economy with a full-year gain of 3.6 percent in 2020.

The annual growth in exports, far better than initially expected, builds on a solid base for economic growth to be firmly in positive territory in the past year, exporters and economists said, envisioning the country's export strength to continue as the bedrock of economic growth in 2021. 

They anticipate the export machine to be exceptionally busy in the first quarter of 2021 as the coming Spring Festival - a traditionally week-long or more national holiday that usually causes a labor shortage - will be different this year, with recent sporadic coronavirus outbreaks prompting many places in China to encourage people not to travel back to their hometown and remain at work.


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