Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Hezbollah condemns terrorist blasts carried out against worshippers in Pakistan.
NATO: Decision to deploy additional forces to address the current situation in Kosovo.
Al Mayadeen correspondent reports more than 50 people were injured when a bomb exploded in the Mastung area of the Pakistani province of Balochistan.
Iranian Intelligence Minister Esmaeil Khatib: The assassinations were scheduled to be carried out on Saturday with the aim of stirring up national and sectarian strifes in the country
Iranian Intelligence Minister Esmaeil Khatib: A series of attempts to assassinate a number of Sunni scholars, judges, and IRGC officers was thwarted
Twin shootings in Rotterdam led to multiple deaths: Dutch police
Dutch Police: Rotterdam shooter arrested
US imposes fresh Sudan-related sanctions: Treasury Department
Dutch Police: Two were wounded in a shooting in the city of Rotterdam, southwest of the country, and the attacker is still at large
Russia halts nuclear fuel exports to US over lack of insurance: Rosatom

China exports hike for first time in 6 months: Customs data

  • By Al Mayadeen English
  • Source: Agencies
  • 13 Apr 2023 08:19
  • 1 Shares
  • x

The second-largest economy in the world resumed its rebound after the onerous coronavirus restrictions were lifted late last year.

  • Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. (REUTERS
    Containers are seen at the Yangshan Deep-Water Port in Shanghai, China, October 19, 2020. (Reuters)

Customs data showed that China's exports increased in March for the first time in six months as the second-largest economy in the world resumed its rebound after the onerous coronavirus restrictions were lifted late last year.

Total exports increased 14.8% year over year, a significant increase over last March when tight virus lockdowns hindered regular economic activity, as per data.

According to Bloomberg News, the first increase since September defied analysts' predictions, many of whom expected a further decline.

"The positive surprise may be partly due to a low base effect as the Covid outbreaks in March last year forced many factories to shut down," said Zhiwei Zhang, of Pinpoint Asset Management.

Related News

US firms still eye Russian market despite sanctions, pressure: Antonov

Biden's UAW involvement sparks GOP critique

The strong growth may also be a result of "inventory and order cycles for exporters", Zhang added.

In December, China abruptly dropped some of the harshest Covid restrictions in the world, setting off a flurry of lawsuits that made it difficult for many enterprises to conduct regular business.

The outbreak "likely depleted factories' inventories", Zhang said, but added that "factories are (now) running at full capacity (and have) caught up the cumulated orders from the past".

The Director of the International Monetary Fund, Kristalina Georgieva, recently expressed optimism about China's prospects, as Beijing is expected to contribute significantly to global economic development, making up approximately one-third of it in 2023.

According to China's social and economic development plan, the country's GDP is anticipated to by 5% this year. Some academics, though, are more optimistic about China's economic development. The country's GDP could grow by 6% in 2023, according to Chen Fengying, the former head of the Institute of World Economic Studies at the China Institute of Contemporary International Relations.

Read more: Spanish Economy Minister: Europe cannot ignore China

  • economy
  • Chinese exports
  • Coronavirus restrictions
  • China
  • Coronavirus

Most Read

Russia destroyed leopard tank in Ukraine with fully-German crew

Russia destroyed leopard tank in Ukraine with fully-German crew

  • Europe
  • 23 Sep 2023
Blinken’s ‘Variable Geometry’ for a New Cold War

Blinken’s ‘Variable Geometry’ for a New Cold War

  • Analysis
  • 24 Sep 2023
BBC from the front lines in Ukraine: It's bad, counteroffensive failed

BBC from the front lines in Ukraine: It's bad, counteroffensive failed

  • Europe
  • 28 Sep 2023
Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

  • US & Canada
  • 25 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
BBC to restrict top hosts' social media usage
Europe

BBC to restrict hosts' social media for chiding anti-migration remarks

Germany, 'Israel'
Europe

Germany signs 'historic' deal to acquire Israeli-made Arrow 3 system

Secretary of State Antony Blinken speaks during a media briefing at the State Department, Tuesday, Aug. 15, 2023, in Washington. (AP)
Europe

'Never say never': Blinken on Biden-Putin meeting in the future

Plastic found in clouds may contaminate everything we consume
US & Canada

Microplastics in clouds cause 'plastic rainfall', infect everything

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS