Financial TimesFinancial Times

China’s exports suffer reversal of fortune as world shakes off Covid lockdowns

By Andy Lin, Thomas Hale, Valentina Romei

01 Jun 2022 · 3 min read

Shift in global consumption back to services threatens Beijing’s ability to reach growth targetIn 2020 and 2021, when the coronavirus pandemic forced much of the world’s population to spend more time at home, Chinese exports of laptops recorded double-digit percentage growth.

The boom was one example of how China’s economy benefited from shifting global demand as governments around the world imposed Covid-19 restrictions, crippling spending on restaurants, travel and other services and encouraging purchases of goods.

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