The latest signal of the resilience of the Chinese economy, which saw 4.9% year-on-year growth in 2020’s third quarter, comes from neighboring trade powerhouse South Korea.
In the first half of 2020, with Covid-19 on a global rampage, South Korea’s exports to China fell just 6.4% – compared with an 11.3% fall in exports to the world overall, a report from the Korea Trade Investment Promotion Agency, or KOTRA, that was picked up by Yonhap News Agency, found.
China and South Korea were, respectively, the first and second nations to suffer mass Covid-19 infections. Using very different strategies, both economies have largely contained the coronavirus since then. However, the pandemic continues to run rampant across the United States, Western Europe and elsewhere.
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