China’s export machine was under pressure from all directions last year. A trade war with the US was weighing on demand and competition from other manufacturing hubs was heating up.
Fast-forward to mid-2020 and, thanks largely to a pandemic that originated within its borders, China’s dominance of global exports has surpassed levels seen in any other year.
The same coronavirus that hammered global trade has increased the appetite for goods made in China, such as electronics products and medical equipment. That boom in exports is supporting the country’s early recovery as other big economies flounder, raising the question of whether China’s recent trade advantage will outlive the pandemic.
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