Beyond developed world lie opportunities in emerging sectors

Despite various internal and external pressures, China's foreign trade has achieved a stable start in the first four months of this year. An analysis of the trend should include a reference to the comparison base effect. The concentrated release of demand due to factors like the disruption caused by the COVID-19 pandemic and the soaring replenishment demand of overseas retailers, has pushed up China's exports and imports during this period.

However, many pressures still persist and market watchers have called on the government to pay more attention to the sustainability of foreign trade growth.

The National Bureau of Statistics revealed that the official purchasing managers index for China's manufacturing sector stood at 49.2 in April, down from 51.9 in March, indicating that international market demand is not strong enough and the pressure on foreign trade has not been completely relieved.