China's economy, who spread corona, picks up pace, exports cross 294 billion mark
China's economy, who spread corona, picks up pace, exports cross 294 billion mark
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Beijing: China's imports and exports have registered a boom in August even after disruptions caused by the spread of delta variants of the Coronavirus. Customs data shows that China's exports have increased 25.6 percent to $294.3 billion from a year ago. It grew by 18.9 percent over July.

On the other hand, China's imports rose to 33.1 percent from 28.7 percent last month. It has increased to $236 billion. This comes after last year's global economic shutdown and an increase in corona infections in a large market country like the United States. China has so far rejected forecasts that demand for its exports will come down. Exports and imports were much stronger than they were anticipated last month due to rising demand, while data indicate a scarcity of some supplies, Sheena Yu of Capital Economics said in a report.

There has been a change in business figures this year compared to 2020. Governments shut down companies and shops to fight corona. This led to a fall in global demand in the first half. On the other hand, Chinese exports resumed when China's ruling Communist Party announced that it had controlled the virus.

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