Masks generate 40 billion dollars for China

Masks generate 40 billion dollars for China
Masks generate 40 billion dollars for China

China accounted for the largest share of sales of masks in the global market, during the last period that witnessed the spread of the Corona epidemic.

And media quoted a report that China’s sales of masks amounted to 40 billion dollars, according to the World Trade Organization.

China acquired a 57% share of the global market, which amounted to $ 71 billion, and sales of personal protective equipment such as masks, gloves and protective clothing rose by 49% compared to last year, reaching $ 98 billion.

The World Trade Organization pointed out that strong indicators have emerged for the recovery and resumption of international trade and trade in recent months, after a significant decline due to the spread of the emerging coronavirus disease.

The organization indicated that the return of the economy will be slow, difficult and unequal, and the World Trade Organization based its forecast on global trade on a decrease in global GDP by 4.8% in 2020 and a rise of 4.9% in 2021.

Source: Agencies

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