image credit: Pixabay

China is making up some ground on its U.S. trade deal commitments

October 14, 2020

Via: Fortune

On Tuesday, data from China’s General Administration of Customs showed a surge in imports and exports in September, with 13.2% and 9.9% growth year on year, respectively. The strong uptick shows how Beijing is navigating the politics of a post-pandemic recovery—exporting vital goods to worse-hit nations while aiming to meet its trade deal commitments to the U.S.

“China’s surprising resilience in exports has been mainly driven by its status as the first economy in and the first out of the COVID-19 pandemic,” analysts at Nomura said in a note, adding that demand for medical equipment and personal electronics continues to bolster China’s export growth.

Read More on Fortune