China taking steps to shore up exports

Resilient growth: Workers assemble cargo train compartments in central China’s Hubei province. Chinese exports grew 8.5% in April, displaying unexpected strength despite weakening global demand. — AP

BEIJING: Tech-intensive green products, supportive policy measures and private companies’ expansion in emerging markets will effectively drive the exports of China’s foreign trade powerhouses in the second half of this year, according to government officials and market watchers.

Shanghai, Beijing and the provinces of Guangdong, Jiangsu, Zhejiang and Shandong – the major export-oriented powerhouses in the country – each saw their total import and export values exceed one trillion yuan (US$139bil or RM652bil) in the first five months of this year.