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Global economic recovery boosts Chinese economy

13 Oct 2020 03:17 PM


Improving global conditions have boosted the Chinese economy, with exports up by 9.9% on an annual basis - better than market expectations of 9.5% and supported by improving demand in advanced economies.

This came alongside the improving performance of manufacturing amid the gradual resumption of international trade.

However, some analysts believe that the recovery in exports may peak soon, especially as concerns of a second wave of the pandemic grow alongside fears of the global economy sliding into recession.

China’s imports rose by 13.2% in September after falling 2.1% in August. This also exceeded expectations of a rise of only 0.3%.

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