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Consumer electronics companies have started seeing a smart pickup in sales due to healthy domestic demand, as China's efforts to sustain industrial momentum amid the COVID-19 epidemic continued to bear fruit.
Contrary to a steady increase in export volumes as originally expected before the trade conflict, that rate dropped to about 3 percent in July, according to Sanford C. Bernstein & Co, an investment research firm.
Contact the writer at karlwilson@chinadailyapac.com.
Countries need to carry out structural reforms to reduce the negative impact during the process of globalization, and any action to break the global economic links, or the so-called decoupling, will lead to worse situations. "The development of globalization will return to the right path finally," said Lou.
Counterproductive rule
