However, a low comparison basis in January and February 2020 due to the corona
After the difficult corona year, China is showing unusually strong growth. In the first two months of 2021, Chinese exports, calculated in US dollars, made a jump of 60.6 percent year-on-year, as the customs administration reported in Beijing on Sunday. The imports of the second largest economy also increased strongly by 22.2 percent. Foreign trade climbed 41.2 percent year-on-year and exceeded the expectations of experts.
Economists saw the low comparative basis at the beginning of the previous year as one of the reasons for the unusually strong growth, when China took strict control measures and closed factories after the outbreak of the coronavirus in the central Chinese metropolis of Wuhan in January and February 2020. Foreign trade has been developing strongly again since the second half of 2020 and is making a greater than expected contribution to the recovery of the Chinese economy.
Because of the fluctuations caused by the Chinese New Year celebrations, which always fall differently on January or February, China has summarized the data for the two months. This year, however, many companies also worked over the New Year holidays. The government had asked workers not to travel to their homeland as usual, fearing a new spread of the corona virus. In this way, many export orders could be fulfilled earlier.
