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Trade

China powers global trade boom but COVID still looms: WTO

Okonjo-Iweala says access to vaccines will be key to global recovery

TOKYO -- China followed by the rest of Asia has emerged as the leader in global trade amid the coronavirus pandemic, as aggressive stimulus measures around the world fuel demand for exports from the region.

Merchandise exports from Asia are expected to grow roughly 30% by October-December 2022 from where it was in 2015, the World Trade Organization said in its annual trade forecast Wednesday -- significantly outpacing the roughly 10% increase expected for North America and Europe.

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