China exports skyrocket 154 percent in 2021
Exports in dollar terms skyrocketed 154.9pc in February compared with a year earlier, while imports gained 17.3pc, the most since October 2018. The data did not include figures for January alone.
In the January-February period, exports jumped 60.6pc from a year earlier, when lockdowns to contain the pandemic paralysed the country’s economic activity.
The surge was driven by a rebound in foreign demand, customs said in a statement on its website, citing improvements in manufacturing industries in the European Union and the United States, and their increased imports of Chinese products thanks to fiscal stimulus measures. ■