During the outbreak of COVID-19, China's foreign trade has maintained strong growth. First of all, the recovery of major economies in the world has accelerated and overseas demand has continued to thrive. The global manufacturing PMI was 57.2 %in May, remaining above 57 %for the third consecutive month, indicating a significant acceleration in the global economic recovery. The economic recovery trend of the US and the Eurozone is strengthening. According to data released by LHS Markit, the manufacturing PMI of the US and the Eurozone in May was 61.2% and 61.8% respectively, indicating that the recovery of manufacturing capacity is accelerating. In Japan, the Nikkei /Markit manufacturing PMI was 53.0% in May, the fourth consecutive month of expansion.
"Residency economy" continues to dominate the list of COVID-19 prevention materials.
Notably, China's exports rose 18.1 %year on year to 1.72 trillion RMB in May, according to customs data, down 8.5 percentage points from April.
Growth in May 2021 of daily active users of Kitchen Appliances, Water Heaters, Ultraviolet &Ultrasonic cleaning Appliances on the international platform reached 157%, 282% and 298%, respectively. Growth from January to May 2021 of these three industries reached 190%, 280% and 335%.
This is because COVID-19 "Curtilage economy" and "isolation", consumer prolonged, occupy the markets for Environmental Appliances, Kitchen Appliance, Personal Care Appliance and Household Appliance, such as Vacuum Cleaners, Electric Mop or Toaster, Air Fryer and other kitchen Appliances, or Cosmetic Instrument, Hairdressing, Massage Device such as a class home appliance demand seen explosive growth.
On the other hand, China has a complete complement of products and supply chain advantages in these areas. China can offer good quality products at low prices. Over the past decade or so, China's status in the global consumer electronics industry has been rising, from the production of low-value-added components and contract manufacturing for foreign terminal brands to the transition into high-value-added production and domestic terminal brands among the world's leading, and established the status of "factory of the world".
Non-cluster outdoor products become the biggest "dark horse"
