China & East Asian economies boost global market share amid pandemic

Rapid recovery from the coronavirus crisis helped China and some East Asian nations boost their share of global trade in 2020, while most economies suffered a steep drop in both exports and imports, according to a UN report. Trade in goods originating from East Asia increased by around 12 percent in the final quarter of last year, the UN Conference for Trade and Development (UNCTAD) said in its latest analysis, released on Wednesday. However, goods trade has not rebounded for most regions, the report noted. “The recovery process has been uneven, with many countries lagging,” said UNCTAD economist Alessandro Nicita, who worked on the re

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