China’s trade surplus soared to its highest level on record last year as a sustained boom in exports helped counter a loss of momentum across the country’s wider economy.
Official data released on Friday showed that China’s trade surplus was $676bn for 2021, 26 per cent higher compared with the previous year.
Exports were 30 per cent higher at $3.36tn for the full year, with December’s year-on-year growth of 21 per cent adding to a streak of double-digit gains in every single month in 2021.
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