China's exports soar as US recovers and India stalls

Sun Online Desk

8th May, 2021 03:50:16 PM printer

China's exports soar as US recovers and India stalls

 

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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