Ever since May 2020, the fall in the business of import and export has hit the curb for China, as it undergoes severe Covid measures paired with global market volatility. While outgoing shipments shrank by 0.3% from last year’s turnout, policymakers faced a serious challenge of giving up on their sole source of economic hope. Meanwhile, incoming shipments decline to 0.7%. This has been a combination of the yuan currency falling off, China’s ZERO-Covid policies and bitter global relations.
