The global economy recovers, China’s trade surges

According to foreign global media reports, after the release of customs data yesterday. China’s imports and exports surged in March and the first quarter, marking that the country and the world have recovered from the COVID-19 pandemic.

Due to the rapid recovery of major economies and strong demand. The country’s foreign trade in the first quarter increased by 29.2% year-on-year to 8.47 trillion yuan (US$1.29 trillion).

In the first three months, exports were 4.61 trillion yuan, a year-on-year increase of 38.7%, and imports were 3.86 trillion yuan, a year-on-year increase of 19.3%.

Bloomberg reported on April 13 that the surge in China’s trade in March still shows that the world has recovered from the COVID-19 pandemic as the pace of vaccine launches around the world accelerates.

According to Bloomberg News, the global demand for medical products and homework equipment soared during the pandemic, and China has benefited from it.

According to Bloomberg, the latest data show that export momentum remains strong after record growth in February. Indicating that the global rebound helping to stimulate demand in the world’s second largest economy.

Natwest Markets economist Liu Peiqian said in an interview with Bloomberg Television.

“xport performance is still the subject of China’s recovery. The supply chain is blank. “

From the strong export volume that China’s recovery from the COVID-19 pandemic mainly focused on output. Paras Anand, chief investment officer of Fidelity International’s Asia-Pacific region. In an interview with CNBC that demand now seems to be picking up.

Anand said: “As we are now gradually entering China’s recovery and reaching a more mature level, at beginning to see a very strong rebound in consumption.”

CNBC’s April 13 report showed that China seems to have controlled the outbreak to a large extent. The Chinese’s economy to record growth last year, with a 2.3% increase last year.

The report stated that the country has set a growth target of more than 6% by 2021. Furthermore, International Monetary Fund expects the Asian giant to grow by 8.4% this year.

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