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China to see strong growth in foreign trade in rest of 2021: UK think tank
Apr 14 , 2021

"We expect export momentum to remain robust in the second quarter (Q2)," said the report, adding that a strong global economic recovery would underpin China's exports through 2021, despite the likely retreat of pandemic-related demand later this year.

LONDON, April 13 (Xinhua) -- China's exports and imports are both expected to see strong growth in the rest of 2021 amid positive global and domestic economic recovery, British think tank Oxford Economics said in a report released Tuesday.

"We expect export momentum to remain robust in the second quarter (Q2)," said the report, adding that a strong global economic recovery would underpin China's exports through 2021, despite the likely retreat of pandemic-related demand later this year.

Given global shipping delays could overshadow the near-term export outlook, China's role in global supply chains "doesn't seem to have diminished," said the think tank.

"On the contrary: China's exports have gained global market share since the onset of the pandemic, and the improvement has been broad based across goods categories in recent months," said the think tank.

Source: Xinhua

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