Despite surging Chinese exports, chips shortages and Covid-19 raise supply chain risks


Source: ing.com ing.com

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7 May 2021Updated 2 hours ago Despite surging Chinese exports, chips shortages and Covid-19 raise supply chain risks China's trade continued to rebound in April, but unfortunately, the risk of supply chain disruption in Asia is increasing with semiconductor chip shortages and more Covid-19 cases in the region Shutterstock Subscribe to THINK China's trade continues to recover China's exports increased 32.3% year-on-year in April from 30.6% the previous month, and imports grew 43.1%YoY from 38.1%YoY. In April, exports of electronic goods increased 46.7%YoY year-to-date compared with 53.5% in March, while vehicle exports grew by 105.7%YoY year-to-date in April, continuing the...