COVID-19 Has Temporarily Supercharged China’s Export Machine

Hunter Clark

No 20201015, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: China’s export performance this year has been stronger than expected. After a sharp slump at the beginning of 2020, the country’s exports have posted positive growth—the only major economy’s to do so. However, a closer look at the data reveals that this growth has not been very broad-based, but rather concentrated in areas where China’s export structure was well-positioned to take advantage of the global crisis—namely, production of medical supplies and school-from-home and work-from-home (S/WFH) goods. Once the COVID-19 crisis passes, China’s exports will likely return to their pre-coronavirus growth path, including a gradual loss of market share to other countries.

Keywords: China; COVID-19; exports (search for similar items in EconPapers)
JEL-codes: F00 F1 (search for similar items in EconPapers)
Date: 2020-10-15
New Economics Papers: this item is included in nep-cna and nep-int
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