According to data released by the General Administration of Customs on December 7, 2020, China’s foreign trade volume reached 29.04 trillion yuan (US$4.44t) from January to November 2020, up 1.8 percent year-on-year. Exports grew by 3.7 percent and imports dropped by 0.5 percent. Business insiders argued that China’s exports have exceeded expectations due to increased medical material exports amid the Covid-19 pandemic, its relatively complete and stable industrial chain, as well as the spillover effect of fiscal incentives from developed countries. At a time when vaccines for the coronavirus are on the horizon and international trade is recovering, there are solid prospects for China’s exports, generating new opportunities for Chinese enterprises to go global.
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