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China's exports soar from January to August

By Zhong Nan | chinadaily.com.cn | Updated: 2021-09-07 11:15

A fully automated container terminal is pictured in the China (Shandong) Pilot Free Trade Zone. [Photo by Zhang Jingang/For China Daily]

China's exports soared 23.2 percent on a yearly basis in the first eight months of this year, largely benefiting from the world's growing demand for both high-value-added and labor-intensive products, experts and business leaders said on Tuesday.

Due to factors such as the spread of the Delta variant, rising raw material prices, congested maritime logistics and factory shutdowns in many parts of the world, as well as consumption stimulus measures in some developed countries, they said foreign countries' dependence on Chinese goods will remain strong and they will purchase more high-value-added products from the country in the fourth quarter of this year.

China's exports of mechanical and electrical products jumped 58.8 percent on a yearly basis to 7.98 trillion yuan from January to August this year, accounting for 58.8 percent of the nation's total export value, data from the General Administration of Customs showed.

In the meantime, the country's exports of automatic data processing equipment and its components as well as automobiles surged by 12.7 and 111.1 percent year-on-year, respectively.

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