Caixin
Jan 14, 2022 05:19 PM
ECONOMY

China’s Trade Surplus Hits a Record $676 Billion in 2021

Gantry cranes and shipping containers tower over the Yangshan Deepwater Port in Shanghai on Tuesday. Photo: Bloomberg
Gantry cranes and shipping containers tower over the Yangshan Deepwater Port in Shanghai on Tuesday. Photo: Bloomberg

(Bloomberg) — China’s record-breaking export strength continued into December, pushing the annual trade surplus to a new high and providing support for a slowing economy dragged down by a property-market slump and sporadic Covid outbreaks.

The trade surplus reached $94.5 billion for the month, according to Bloomberg calculations based on a customs administration release, higher than the $74 billion median estimate in a Bloomberg survey of economists. For the full year, the trade surplus hit $676 billion. 

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