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China’s Jan-Feb foreign trade value up 32%, exports up 50%

China’s foreign trade value of commodities leapt by 32.2% on year to Yuan 5.44 trillion ($837 billion) over the first two months of this year, among which exports surged 50.1% on year to Yuan 3.06 trillion, the release from the country’s General Administration of Customs (GACC) on March 7 showed.
The on-year growth in the total value in the first two months of 2021 was much higher than the 1.9% on-year gain for the whole 2020, partly as the lower basis numbers for the corresponding period of 2020 when China was hit by the COVID-19 outbreak, Mysteel Global noted. The growth in the two


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