China’s economy is now recovering from the effects of the Coronavirus epidemic. China’s trade figures in September have been fairly good. According to data released by the Customs Department on Tuesday, China’s exports rose 9.9 percent to $ 239.8 billion in September.
At the same time, in August there was a growth of 9.5 percent in exports. Similarly, imports rose 13.2 percent to $ 202.8 billion in September. China’s imports declined by 2.1 percent in August. The lockdown was imposed in economies around the world due to the Kovid-19 epidemic. But China’s economy has opened up soon after the lockdown, benefiting its exporters.
China’s exporters, especially in the case of masks and medical supplies, hold silver and are also gaining market share of foreign rivals. China’s global trade surplus rose 6.6 percent to $ 37 billion in September compared to a year earlier.
However, this is significantly lower than the August figure of $ 58.9 billion.
China has a long-standing trade dispute with the US. Despite this, China’s exports to the US rose 20.5 percent to $ 44 billion in September. At the same time, imports of US goods grew by 24.5 percent to $ 13.2 billion.
China is the first major economy in the world to reach pre-Kovid-19 growth levels. China grew by 3.2 percent in the second quarter.
Like other countries of the world, the Indian economy has suffered a major setback due to the Corona crisis. However, after the lockdown, the Indian economy seems to be slowly coming back on track but still, Corona cases are increasing rapidly in India, due to which the lockdown has not fully opened. It is also having an impact on the development of the economy. Explain that due to Corona, the country’s GDP had declined by 23.9 percent.