Home » Vietnam’s exports further ahead of Shenzhen sparks discussion about China’s high cost of epidemic prevention – BBC News

Vietnam’s exports further ahead of Shenzhen sparks discussion about China’s high cost of epidemic prevention – BBC News

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Vietnam’s exports further ahead of Shenzhen sparks discussion about China’s high cost of epidemic prevention – BBC News

2 hours ago

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A neighboring country’s economic data sparked discussions on the Chinese Internet. According to the data released by the General Administration of Vietnam Customs, Vietnam’s exports ushered in a record surge in March, with a month-on-month increase of 48.2% to US$34.71 billion; it also brought Vietnam’s total exports in the first quarter to US$88.58 billion, a year-on-year increase of 12.9%.

At the same time, data from China’s Shenzhen Customs showed that in the first quarter, the city’s exports were 407.66 billion yuan, equivalent to 60.83 billion U.S. dollars, down 2.6% year-on-year. Among them, the export value in March was only about 120 billion yuan, down 14% year-on-year. .

This means that Vietnam’s total exports in the first quarter exceeded Shenzhen’s by as much as US$27.75 billion. Among them, the data gap in March is even larger, almost double that of Shenzhen, reaching 34.62 billion US dollars.

Although many analysts have pointed out that Vietnam is a country with a population of nearly 100 million, and Shenzhen is a coastal city with a permanent population of 17.5 million, Shenzhen, as China’s most important technological innovation and manufacturing base, is a leader on the road of China’s economic development. And in the past 30 years, it has ranked first in the foreign trade volume of cities in mainland China.

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