China’s exports surging 50% on strong overseas demand: customs
By Global Times
Published: Mar 07, 2021 12:18 PM
Amid a strong recovery in the domestic economy and strong demand from the overseas market, China posted a 50.1 percent year-on-year growth in its exports during the first two months of 2021, China's General Administration of Customs said on Sunday.
Exports reached 3.06 trillion yuan ($472 billion) during the January-February period, while imports also rose by 14.5 percent from last year's level to reach 2.38 trillion yuan, according to GAC data which was released on Sunday.
The trade surplus for the two months reached 675.86 billion yuan(104billion $), compared with a deficit of 43.3 billion yuan for the same period last year.
Recovering markets in the EU and the US drove China's export rise, continuing the trend of rapid growth witnessed since June last year, with exports headed for Europe, the US and Japan increasing 59.2 percent year-on-year, GAC said.
Meanwhile, the "stay-put" policy implemented in Chinese localities during the Spring Festival period means factories were able to deliver orders uninterrupted by the long holiday.
A stable recovery on the domestic front helped boosted imports, with the import volumes of integrated circuits, iron ore and crude oil increasing by 36 percent, 2.8 percent and 4.1 percent respectively during the first two months.
The GAC said the exceptionally high trade figures are partly due to the low base from the first two months of 2020, when China's foreign trade was decimated by the outbreak of the COVID-19 pandemic, but the agency said even compared with data from 2018 and 2019, the 2021 foreign trade growth in January and February remains at more than 20 percent.
The GAC said more Chinese exporters are expressing bullish views on the prospect of exports in the next two to three months, but at the same time warned that uncertainty remains for foreign trade given the pandemic situation.
ASEAN was China's largest trading partner in the first two months of this year, with China's trade with ASEAN members up 32.9 percent to hit 786 billion yuan, accounting for 14.4 percent of China's overall trade in the two months.
China-US trade got off to a good start in 2021, with bilateral trade rising 69.6 percent to 716.4 billion yuan in the period. The US is now China's third biggest trading partner after ASEAN and EU.
Yes, there are multiple news about the sharp increase of the export of first two months:China’s exports surging 50% on strong overseas demand: customs
By Global Times
Published: Mar 07, 2021 12:18 PM
Amid a strong recovery in the domestic economy and strong demand from the overseas market, China posted a 50.1 percent year-on-year growth in its exports during the first two months of 2021, China's General Administration of Customs said on Sunday.
Exports reached 3.06 trillion yuan ($472 billion) during the January-February period, while imports also rose by 14.5 percent from last year's level to reach 2.38 trillion yuan, according to GAC data which was released on Sunday.
The trade surplus for the two months reached 675.86 billion yuan(104billion $), compared with a deficit of 43.3 billion yuan for the same period last year.
Recovering markets in the EU and the US drove China's export rise, continuing the trend of rapid growth witnessed since June last year, with exports headed for Europe, the US and Japan increasing 59.2 percent year-on-year, GAC said.
Meanwhile, the "stay-put" policy implemented in Chinese localities during the Spring Festival period means factories were able to deliver orders uninterrupted by the long holiday.
A stable recovery on the domestic front helped boosted imports, with the import volumes of integrated circuits, iron ore and crude oil increasing by 36 percent, 2.8 percent and 4.1 percent respectively during the first two months.
The GAC said the exceptionally high trade figures are partly due to the low base from the first two months of 2020, when China's foreign trade was decimated by the outbreak of the COVID-19 pandemic, but the agency said even compared with data from 2018 and 2019, the 2021 foreign trade growth in January and February remains at more than 20 percent.
The GAC said more Chinese exporters are expressing bullish views on the prospect of exports in the next two to three months, but at the same time warned that uncertainty remains for foreign trade given the pandemic situation.
ASEAN was China's largest trading partner in the first two months of this year, with China's trade with ASEAN members up 32.9 percent to hit 786 billion yuan, accounting for 14.4 percent of China's overall trade in the two months.
China-US trade got off to a good start in 2021, with bilateral trade rising 69.6 percent to 716.4 billion yuan in the period. The US is now China's third biggest trading partner after ASEAN and EU.
you should have posted this on other thread not here.美国是最大的加速主义国家。它们出现在许多战场上,包括阿富汗,以色列和其他国家。
I think we are on the same level of dependency:China is the most vulnerable to a Middle East oil price shock.
Ya'll Nibbiars I am talking about numbers.I think we are on the same level of dependency:
Indian on 2019:
From April to November last year (2019), India imported 177.5 million metric tonnes of crude oil and petroleum products – or 84.7 percent of its consumption – worth $81bn, the latest government data shows.
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Is it time for India to reduce its reliance on imported oil?
The recent spike in oil prices and a surge in inflation show how exposed India is to imported energy, analysts say.www.aljazeera.com
China on 2019:
These investments have already achieved reversing falling domestic oil production. According to the U.S. Energy Information Administration (EIA), the production of petroleum and other liquids in China has increased to 4.9 million barrels per day (mbpd). Despite the increase, foreign oil dependency has reached 70 percent and the number is expected to grow.
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China’s Energy Dependence To Grow Despite Major Oil Discoveries | OilPrice.com
Despite China’s oil and gas exploration successes, the country remains highly dependent on foreign crude for its ever increasing fuel needsoilprice.com
Is this translated by Google?加速主义This word is not in Chinese and has no meaning.美国是最大的加速主义国家。它们出现在许多战场上,包括阿富汗,以色列和其他国家。
Ya'll Nibbiqrs First I baffled.Is this translated by Google?加速主义This word is not in Chinese and has no meaning.
When Russia was a Super power, nobody knew that destiny has decided their regression this way. Similarly, who knows how destiny has decided to end the dominance of this rogue state named China. Nobody knows what lies in the womb of time. Ultimately, the truth has to be turn victorious. One day old China will left with no young people to run their country. A country of 1.4 bn people with aging population and birthrate of nearly 10 million people and ever decreasing fertility is a great issue. China's years are numbered.![]()
Will China grow old before it grows rich?
While internal migration has boosted development in parts of China, it cannot change the facts of low fertility and population ageing. If the fertility decline cannot be reversed, China must turn to technological innovation and other adaptations, and set a realistic population policywww.scmp.com
Chinese elderly dependency ratio is already out of control it's now clearly dependent on foreign migration for further economic growth.
China has lost the demographic battle thanks to stupidity of CCP. One of greatest act of stupidity a nation has ever done.
Around 2004-2006, when i firstly paid attension on Indian forums, there were huge blow up about "India 2.0", "India as work office will surpass China as world sweatshop", “demographic dividend makes India win” ...When Russia was a Super power, nobody knew that destiny has decided their regression this way. Similarly, who knows how destiny has decided to end the dominance of this rogue state named China. Nobody knows what lies in the womb of time. Ultimately, the truth has to be turn victorious. One day old China will left with no young people to run their country. A country of 1.4 bn people with aging population and birthrate of nearly 10 million people and ever decreasing fertility is a great issue. China's years are numbered.
Eh India is growing as fast as china on a similar growth curve. And will clearly overtake China according to every single economic institutions out there which also include chinese economist.Around 2004-2006, when i firstly paid attension on Indian forums, there were huge blow up about "India 2.0", "India as work office will surpass China as world sweatshop", “demographic dividend makes India win” ...
15 years passed, none of them happened, yes nobody knows the future but sometimes looking back is also a intresting thing.
Does CCP gives out pension to Chinese elderly? If not then I don't see it impacting China that much. Surely it will have negative effects but it wont be make or break situation, it be a case like Japan.When Russia was a Super power, nobody knew that destiny has decided their regression this way. Similarly, who knows how destiny has decided to end the dominance of this rogue state named China. Nobody knows what lies in the womb of time. Ultimately, the truth has to be turn victorious. One day old China will left with no young people to run their country. A country of 1.4 bn people with aging population and birthrate of nearly 10 million people and ever decreasing fertility is a great issue. China's years are numbered.
Fine If you think that with 10 million births against 1.4 bn Population, and china can do good with than it is OK. India or Indians are not saying this. It is your won people who have shown the concern.Around 2004-2006, when i firstly paid attension on Indian forums, there were huge blow up about "India 2.0", "India as work office will surpass China as world sweatshop", “demographic dividend makes India win” ...
15 years passed, none of them happened, yes nobody knows the future but sometimes looking back is also a intresting thing.
We can cut the supply line off in case of conflict. One Chinese think tank had said that China can dominate India on land but Indian navy is certainly capable of cutting the Chinese supply line off.Ya'll NibbiarsChina is the big price driver because they import so much oil, and recently China has been on a buying spree, increasing Oil Stockpile to 100 - 120 days. China is the most vulnerable to a Middle East oil price shock.
View attachment 80663
They will use a lot of machinery to compensate for that...When Russia was a Super power, nobody knew that destiny has decided their regression this way. Similarly, who knows how destiny has decided to end the dominance of this rogue state named China. Nobody knows what lies in the womb of time. Ultimately, the truth has to be turn victorious. One day old China will left with no young people to run their country. A country of 1.4 bn people with aging population and birthrate of nearly 10 million people and ever decreasing fertility is a great issue. China's years are numbered.
Google knows better chinese than u...the word is accelarationism..go back to school and learn chinese.Is this translated by Google?加速主义This word is not in Chinese and has no meaning.