Today: Tuesday, 21 May 2024 year

Despite pandemic, China’s exports up by 8% in April

Despite pandemic, China’s exports up by 8% in April

China’s export volume increased last month despite the novel virus pandemic. While the COVID-19 shuttered the economies globally, China reports on increasing exports up by 8%, state-run news agency said on Thursday.

For China, the ear 2020 has started not especially lucky due to the lockdown. In the first two months, the Asian country’s foreign trade of goods fell by up to 11%. Exports in January and February dipped 17.2% year-on-year to $292.5 billion, while imports decreased by 4% to $299.5 billion.

In other words, Chinese exports volume rose 8.2% in April, while imports fell by 10.2%, Xinhua News Agency reported.

“Foreign trade of goods inched down 0.7% year-on-year in April to 2.5 trillion yuan ($352.5 billion),” the Chinese news agency quoted a customs official as saying.

Chinese trade was badly hit after the COVID-19 outbreak last December as Beijing locked down major cities to slow the virus spread.

The Chinese mainland also recorded a huge increase in passenger trips as millions of its citizens made domestic tourist visits during the five-day holiday from May 1.

Over 121 million people travelled during the off days from last Friday till this Tuesday, the agency said.

Post-COVID life in China

The novel infection identified as COVID-19 hit the economy but the Chinese government did its best to restart all processes. According to the National Health Commission (NHC), China has thus far reported 82,885 cases with 4,633 deaths, whereas 77,957 people have recovered and discharged from hospitals.

As the country has passed the peak of infection a month ago, the authorities have decided to open high schools and vocational centres in Wuhan, the initial epicentre of the corona infection.

Around 57,800 students from 121 schools returned to their classes on Wednesday, the state-run news agency said.

China reported two new imported coronavirus cases in the past 24 hours. As NHC says in the statement, there have been no new domestic transmissions of the virus-19.