Despite the Corona epidemic, China’s economy is tremendous, exports increased by 28 percent

China’s exports grew by 28 percent in May as the impact of the epidemic in the US and other markets subsided. Exports grew by 29 per cent in the same period in 2019.

Beijing. America and in May due to improving demand in other markets China exports increased by about 28 percent. During the same period, its imports increased by 51 percent. Various countries of the world are now recovering from the effects of the corona virus epidemic. China is leading this revival. In countries where vaccination is becoming more rapid, the situation is improving more rapidly. According to data released on Monday by China’s customs department, exports grew 40 percent in the first five months of this year. Exports grew by 29 per cent in the same period in 2019.

Also read: India and other countries will get 25 million doses, Biden administration is being praised

In May, China’s exports stood at $ 263.9 billion, which is the same as the level of the previous month. In May, China’s imports stood at $ 218.4 billion, which is 1.2 percent less than in April. Politically sensitive China’s trade surplus with the US rose 14 percent to $31.8 billion in May. Whereas with the European Union, it declined 43 percent to $12.7 billion. China’s total trade surplus in May stood at $45.53 billion. This is 26.5 percent less than a year ago. Although China’s exports increased in May, it has been lower than many analysts’ estimates. Analysts say that one of the reasons for this is the delay in ports in southern China due to the increase in cases of corona virus. It is the main shipping center of China. Due to increasing cases of infection, extra vigilance is being taken at these ports.

Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.

.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *