China’s exports have experienced a resurgence, surpassing even pre-coronavirus levels, according to news reports; global demand for export goods from China like electronic products and medical equipment has seen a big increase. Reports say that China is supplying the kind of sophisticated machinery which was previously dominated by Germany.
China was the first country to be affected by Covid-19, and appears to be first in line to make an economic recovery. In the second quarter of 2020, China was the only major world economy to have a positive rate of GDP growth. Chinese currency is also rising, and has become stronger for the eighth consecutive week.