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China's exports soar as US recovers and India stalls

Sun Online Desk

Published: 08 May 2021

China's exports soar as US recovers and India stalls
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China's exports unexpectedly surged last month as America's speedy recovery from the pandemic spurred demand.

Stalled factory production in India, as the country struggles with a coronavirus crisis, also helped boost the global market for Chinese goods.

China's exports in dollar terms surged by more than 32% from a year earlier to almost $264bn (£190bn).

In the same month imports grew at the fastest pace in more than a decade, rising by 43% from a year ago.

Despite ongoing trade tensions with the US and other countries, China's exports for the month were almost $43bn more than its imports, a more than threefold increase.

(BBC)

 

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