The resilience of Chinese exports during the COVID-19 crisis
Kerola, Eeva (24.09.2020)
JulkaisusarjaBank of Finland Bulletin. Blog
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202009252367
China was at the forefront of the COVID-19 crisis. As a consequence, the value of Chinese exports plummeted by 13% year-on-year at the first quarter of 2020 (-40% y-o-y in February alone). However, it was not until March when other countries started to impose more or less severe restrictions on economic activity and movement of people. The year-on-year drop in exports was historically bad both for the United States and the euro area in April and May, while Japanese export growth was at its lowest in June.
The accessible version of the article: https://www.bofbulletin.fi/en/blogs/2020/the-resilience-of-chinese-exports-during-the-covid-19-crisis/