US recovery a boon for Chinese exporters
Is the US going through a strong wave of consumption rebound as the country’s economy restarts after the coronavirus’ impact? Taking the business of some Chinese exporters who rely heavily on the US market, the answer is yes.
From fireworks to medical equipment makers, Chinese businesses are seeing increasing orders from US customers, a situation they attribute to multiple factors such as rising appetite of some US clients and decreasing shipping fees.
US President Joe Biden’s $1.9 trillion American Rescue Plan also played a part in lifting the demand, although the impact was not as large as Chinese exporters had expected.