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Rise in China’s Aug. exports shows post-corona-virus recovery

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  • Post category:Asia / Business
  • Post last modified:09/09/2020
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LONDON: China has registered the highest increase of any month this year in its exports, emphasizing the post-corona-virus recovery in the country, a major British newspaper reported Wednesday.

“The rise in exports underlined China’s dominant role in global trade during the corona-virus pandemic and its recovery from it,” said the Financial Times.

“The country returned to growth in the second quarter after new cases of corona-virus slowed to a trickle and lock-down measures were eased,” said the newspaper.

China saw its foreign trade rise 6 percent year on year in August in yuan terms, with exports up 11.6 percent and imports down 0.5 percent respectively, official data showed Wednesday.

The total value of foreign trade rose 6 percent year-on-year in August to 2.88 trillion yuan (about 421.14 billion U.S. dollars), according to the Chinese General Administration of Customs (GAC). It is “the highest increase of any month this year and above expectations”, the newspaper added. | YouTube Channel

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.