Recently, foreign media have focused on China’s August import and export data.
The US "Wall Street Journal" reported that China's exports, one of the horse-drawn carriages driving China's economic growth, continued to gain momentum in August.
Because some countries, including the United States, are gradually recovering from the new crown epidemic, these countries purchased more Chinese-made goods in August.
According to the latest official data released by China, in US dollars, China’s exports grew 9.5% year-on-year in August, an increase from 7.2% in July, which is better than the median forecast of 7.3% given by economists.
The report said that the August data marked the third consecutive month of year-on-year growth in China's exports.
This is in sharp contrast to the situation at the beginning of this year, when the new crown epidemic had a serious impact on the Chinese industrial sector and the global shipping network.
At the height of the new crown epidemic, economists predicted that as countries close their borders and global demand declines, exports of China's economic factors will be the first to be affected.
However, thanks to the government’s strict and effective epidemic prevention and control measures and economic support policies, Chinese exporters succeeded in gaining a larger share of global exports in the second quarter. At the same time, other exporting countries were still affected by the epidemic. And in a state of paralysis.
US Consumer News and Business Channel (CNBC) reported that Bo Zhuang, chief China economist at TS Lombard, a consulting firm, said that three consecutive months of strong export data will boost China's economic growth in the second half of this year.
Despite disappointing August import data, demand for commodities was "very strong."
The Financial Times reported that Louis Kuijs of Oxford Economics said that the three consecutive months of year-on-year growth in Chinese exports bodes well for global trade.