The government is hoping China’s 1.4 billion consumers can plug the gap caused by plunging overseas demand for products. Photo: EPA-EFEThe government is hoping China’s 1.4 billion consumers can plug the gap caused by plunging overseas demand for products. Photo: EPA-EFE
The government is hoping China’s 1.4 billion consumers can plug the gap caused by plunging overseas demand for products. Photo: EPA-EFE

China’s exporters turn to the domestic market, but can it offset coronavirus demand shock?

  • Beijing is hopeful its 1.4 billion consumers can help plug the gap caused by a plunging overseas demand for products
  • China’s exports fell 7.7 per cent in the first five months of 2020, while imports fell 8.2 per cent to US$763.6 billion, showing weaker domestic demand

Topic |   China economy
The government is hoping China’s 1.4 billion consumers can plug the gap caused by plunging overseas demand for products. Photo: EPA-EFEThe government is hoping China’s 1.4 billion consumers can plug the gap caused by plunging overseas demand for products. Photo: EPA-EFE
The government is hoping China’s 1.4 billion consumers can plug the gap caused by plunging overseas demand for products. Photo: EPA-EFE
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