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China’s exports to the US may jump about 20% in 2021: expert
Amid a steady recovery in the domestic economy and strong overseas demand, China posted a year-on-year gain of 60.6 percent in its exports during the first two months of 2021, the General Administration of Customs (GAC) said.
Exports reached $468.87 billion during the January-February period in US dollar terms, while imports rose 22.2 percent to $365.62 billion, according to GAC data released on Sunday.
The trade surplus for the two months reached $103.25 billion, compared with a deficit of $7.21 billion for the same period last year.
Recovering markets in the EU and the US drove China’s export rise, making “a slack reason” busy, with exports headed for Europe, the GAC said.
China vows to make legislative push to deter unjustified sanctions, expanding legal toolkit as more vigorous protection measures
Liu Caiyu Published: Mar 08, 2021 04:42 PM Updated: Mar 08, 2021 06:52 PM
Li Zhanshu, chairman of the Standing Committee of the National People’s Congress (NPC), China’s top legislature, delivers a work report of the NPC Standing Committee at the second plenary meeting of the fourth session of the 13th NPC on Monday. Photo: cnsphoto China s top legislature will work on laws against external sanctions, interference and long-arm jurisdiction in the coming year, which experts said means the country is aiming to take an increasingly active stance and more vigorous measures against the unjustified application of foreign laws and measures against China.
China’s exports to the US may jump about 20% in 2021: expert
Xie Jun Published: Mar 07, 2021 08:28 PM
A ship berths at the Lianyungang Port in East China s Jiangsu Province on Tuesday, waiting to load 1,300 cars for export. Photo: VCG
Amid a steady recovery in the domestic economy and strong overseas demand, China posted a year-on-year gain of 60.6 percent in its exports during the first two months of 2021, the General Administration of Customs (GAC) said on Sunday.
Exports reached $468.87 billion during the January-February period in US dollar terms, while imports rose 22.2 percent to $365.62 billion, according to GAC data released on Sunday.
The trade surplus for the two months reached $103.25 billion, compared with a deficit of $7.21 billion for the same period last year.
Two sessions to set bold economic vision
As thousands of China’s top legislators and political advisors prepare to convene in Beijing later this week for the annual two sessions, they are tasked to review and discuss various policy priorities and sweeping development plans designed to further lift the country to new milestones in the next 15 years: a modern socialist power with world-leading national strength and global influence.
The annual legislative and political consultative sessions are usually a window into policy agenda and various economic and social development targets for the year. But coming at a crucial inflection point, as the country transitions into a new five-year plan and longer development visions, this year’s meeting will also provide a clear direction and blueprint of where the world’s second-largest economy is headed, following decades of rapid growth and mounting internal and external risks. That would follow a precedence set in 2020, when China did not