China recorded exports growth of more than 60 percent in the January-February 2021 period. China’s trade performance was shining on the back of exports of electronics and textiles and textile products.
Quoting the Chinese Bureau of Statistics, reported by AFP, Sunday (7/3), China’s electronics exports soared 54.1 percent, while exports of textiles, including masks jumped 50.2 percent.
China’s export growth touched a record high in the last two decades. Masks, in particular, contributed greatly to export growth after the Covid-19 pandemic broke out around the world.
In fact, in January-February 2020, China’s exports fell 17 percent.
Statistical data also states China’s imports rose 22.2 percent. In the same period last year, Chinese imports fell 4 percent.
Overall, China’s trade surplus stood at $ 103.3 billion.
Meanwhile, Chinese Premier Li Keqiang targets China’s economic growth this year to reach more than 6 percent.
This optimism is reflected in last year’s GDP which grew 2.3 percent, including China’s success in avoiding the chasm of an economic recession amid the pressure of Covid-19 experienced by all countries in the world.
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