China is benefiting from the corona crisis and exports more than ever.
Never before has China exported as much as in the past month. The country is making the most of the corona pandemic because production in other countries is limited and because China is making what the world is now craving even more: from mouth masks to game consoles.
Strong growth in exports from China was expected by analysts. But the 21 percent growth is almost twice as much as predicted.
According to Arjen van Dijkhuizen of ABN AMRO, exports from China are at such a high level because the country was the first to bring production in its factories back to a high level after the restrictions of the lockdown at the beginning of the year. “Export starts with the ability to produce goods. And China can do that again.”