ReturnChina has become the "big winner" after grabbing market share during a "warp speed" trade recovery, The Telegraph reported Sunday.
The Asian manufacturing powerhouse has boosted its goods exports to about 110 percent of pre-COVID levels during a rapid trade rebound, recovering to normal volumes in just seven months, the newspaper said, quoting economists at Societe Generale.
Global trade reached its pre-pandemic peak in November, but the United States, eurozone and many emerging markets are still short of normal levels.
Chinese trade fully recovered within seven months, and has even boosted exports since COVID struck, the report said.
"China has come out the big winner," said Klaus Baader, chief economist at Societe Generale.
"It clearly has grabbed additional market share in global trade. It is also true for the emerging market Asia economies outside of China, but some of the other emerging economies have had a pretty difficult time of it."
China's total goods imports and exports expanded 32.2 percent year-on-year to 5.44 trillion yuan in the first two months, sustaining growth momentum in previous months, official data showed.
Exports jumped 50.1 percent while imports rose 14.5 percent in yuan terms, according to the General Administration of Customs.
