In March, most of the exports of East Asian economies such as China, South Korea and Vietnam fell, which reflected the general impact of the weakening of global economic and trade activities.
In the future, some of China's export varieties may show cost advantages under the influence of price differences at home and abroad. However, in terms of total exports, considering the slowdown of Global trade activities and the recovery of overseas supply, it is more likely that China's exports will continue to decline this year.
In the second quarter, China's demand is in the process of continuous decline, which will continue to weaken the performance of imports, and the trade surplus is expected to remain at a high level.
Risk tips: (1) the epidemic development exceeded expectations; (2) Geopolitical risk
