Shanghai’s foreign trade volume dropped by 36.5 percent in April, when the city was largely under COVID-19 control measures, from the same month last year, data from the Shanghai Statistics Bureau shows.
But in May, the container throughput of Shanghai port was already showing signs of recovery. And with the business resumption of local trading firms and port operation back to normal, the Shanghai Containerized Freight Index has started to rebound, jumping more than 32 points from May 27 to June 9.
Textile firms in Shanghai were among the worst-hit during the recent COVID-19 outbreaks. Shanghai Textile Import & Export, a company that sells around $360 million worth of fabric every year to overseas markets, saw its sales revenue collapse to around 2 percent of normal levels in April, as export value fell by double digits on a yearly basis. – CGTN
Shanghai sees quick rebound in foreign trade
Echoes of the Heart
Kazakh President satisfied with results of talks with Putin
Kazakh President Kassym-Jomart Tokayev signified satisfaction following the lengthy face-to-face talks with President of Russia Vladimir Putin in Sochi, the Facebook account of the President’s press secretary Ruslan Zheldibay reads. During the talks the parties debated a wide range of issues concerning trade and economic, investment, humanitarian cooperation, cooperation of the two nations in the […]Read More »