Last February, newspaper headlines were linked to a Chinese economy paralyzed by containment measures in Wuhan and in several metropolises.
The coronavirus was then rife mainly in the Middle Kingdom.
The world's factory was at a standstill.
Its products were no longer going to flood the world market or oil international trade.
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Eight months and a pandemic later, the picture is quite different.
Not only did Chinese exports not suffer as expected at the start of the year, but they surpassed themselves, underlines Françoise Huang, economist in charge of Asia-Pacific at the credit insurer Euler Hermes.
In the third quarter of 2020, the contribution of exports to Chinese GDP (+0.6 point) was better than during the 2017-2019 period (+0.3 point).
China has gained market share to the detriment of the 19 other largest exporters on the planet.
To say that one-third of electronic products and electrical appliances sold in the world are Chinese is not a well-worn cliché, but describes the reality
Above all, a “Covid effect” is clearly established by Euler Hermes.
Global consumption
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