Coronavirus disease (COVID-19) Pandemic and Foreign Trade

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As a wedge wire filter element exporter factory in China , We always pay attention to the trade situation between China and other countries in the world. BEIJING: A recovery in China's trade growth is not sustainable unless the coronavirus pandemic is brought under control globally, the minister of industry and information technology warned on Wednesday (May 20). China's exports saw a surprise increase in April, partly because of rising medical product shipments, as production resumed after months of closures to control the outbreak, while imports and exports fell less than expected in renminbi terms during the first four months. But Miao Wei told a news conference that "although our imports and exports in renminbi terms from January to April have increased moderately, I think that if the global pandemic cannot come under effective control, this is unsustainable". To drive economic growth, the country will "rapidly activate domestic demand" to make up for we...

Everyone is looking forward to getting back to normal. When we all emerge from the lockdowns and social restrictions of the coronavirus pandemic , there will certainly be pent-up frustration waiting to be released. We look forward to returning to our favourite restaurants, going down to the pub, and getting back to work – all of which will help us recover economically and mentally. Economists have been discussing, or guessing, what the global recovery will look like. In economist speak, the recovery from a recession is described in terms of shapes. Optimists see a “V”-shaped snapback from the Covid-19 disruption. In this scenario, we will very quickly return to where we were six months ago. However, the number of optimists is dwindling fast, as the crisis is turning out to be more drawn-out than they originally expected. The full social and economic impact in the West is still unknown, and the infection numbers are continuing to rise in places. If common sense can prevail over economic...

Outspoken former Chongqing mayor Huang Qifan says China should ‘find new opportunities from the crisis’ to aid its domestic recovery。 China’s officials must stay “sober-minded” to handle the variety of coronavirus-related challenges that lie ahead, as mistakes could undermine relations with major developed nations and harm the country’s economic outlook, according to outspoken former Chongqing mayor Huang Qifan. Issues over the origin of the virus, compensation claims by the United States and decoupling worries have all appeared in the wake of the outbreak, but for Huang, the government should focus on domestic recovery after China’s economy shrank by 6.8 per cent in the first quarter of 2020. China should “find new opportunities from the crisis” to proceed with structural adjustments, develop emerging industries and city clusters, as well as improve weak links in the economy, added Huang, who retired from a senior position with the National People’s Congress Standing Committee two...