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Global economic recovery powers export growth

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China’s total export and import volume rose 22.7 percent year-on-year in the first three quarters of 2021, data released by the General Administration of Customs show.

China’s exports have maintained double-digit growth since turning positive in April last year. Considering the high base in the second half of last year, this is a good performance.

Admittedly, China’s stronger-than-expected export growth is related to the recovery of the global economy and rising international demand, as indicated by the sharp rise in its exports t0 the United States, the European Union and the Association of Southeast Asian Nations member states.

But the credit for promoting economic recovery goes to China. It is thanks to the general containment of the novel coronavirus that China was able to resume production and other economic activities, and take measures to ensure exports continue to grow. The measures have also helped China better leverage its manufacturing advantages.

The ongoing 130th Canton Fair, the first offline exhibition to be held after the pandemic broke out, has attracted nearly 8,000 enterprises, further highlighting the global demand for “made in China” products.

China has adopted a series of measures to stabilize foreign trade, working hard to address the problems of poor international logistics and high logistics costs, while introducing special support policies to help market entities and the real economy.

A number of foreign trade transformation and upgrading bases have been set up to foster new models, such as cross-border e-commerce. Improved efforts to promote innovations and expanding foreign trade have also helped foreign trade to grow.

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