Soon after China convened what has been seen as an unprecedented national video teleconference on stabilizing the economy, entities ranging from central departments to local governments spared no time to map out their economy-lifting missions, while the stock market also edged up after investors received a message of determination from the government to guide the economy back to normal after a marked slowdown.
Yangtze River Delta copes with pressure from epidemic in Shanghai globaltimes.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globaltimes.cn Daily Mail and Mail on Sunday newspapers.
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.
SOURCE / ECONOMY
President’s fiscal largesse leads to Americans’ rising demand
By GT staff reporters Published: Apr 07, 2021 08:08 PM
A worker sews an oil-paper umbrella in a factory in Wuyuan, East China s Jiangxi Province over the weekend. With a history of more than 1,000 years in China, oil-paper umbrellas were once water-proof accessories for daily use. In recent years, they have been exported to countries like Japan and the US. Photo: cnsphoto
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.
US stimulus raises exporters hopes globaltimes.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globaltimes.cn Daily Mail and Mail on Sunday newspapers.