China’s Positive Economic Recovery and Trade Challenges
As the world gradually regains from a pandemic that hit the global economy, China is coping up fast and exhibiting economic growth post-COVID-19. Its robust exports and surging imports showed significant development, particularly in March. This indicates China’s economic recovery will continue to gather upward momentum as the world is striving to recover from the pandemic hit.
Trade Challenges
As the world’s economy regains control with vaccinations being distributed and administered. manufacturing companies globally are gradually resuming operations. An economist stated that China will continue to see an increase in international demand potentially reach up until the second quarter. As per a Reuters poll, analysts had projected a 35.5% rise in shipments. There’s a 30.6% improvement in March compared to last year’s exports in dollar terms but this slowed down from a record of 154.9% in February.
Even so, a large number of analysts believe that China’s exports could downtrend as orders can be transferred to other countries, which are beginning to recover from the coronavirus-related disruptions as well. Meanwhile, China’s trade with the U.S. posted a slight decrease from $23.01 billion in February to $21.37 billion in March.
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