Economic Watch: How will China’s exports sustain growth momentum in 2021?

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(Xin Hua Net)

For Chinese exporters, the business environment last year was reminiscent of an action movie. It opened with a sudden halt, followed by efforts to cope by expanding the domestic market or switching to the manufacture of epidemic-control equipment, and then ended with rocketing overseas orders and a shortage of containers.

Customs data shows that China’s exports managed a 4-percent yearly increase in 2020, despite the turbulence, with the total export value reaching 17.93 trillion yuan (about 2.77 trillion U.S. dollars). In December alone, exports surged by 10.9 percent year on year in yuan terms.

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