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China trade surplus hits record, monthly level soars 18pc, imports up 6.5pc
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Posttime:2021-01-20
CHINA's trade surplus hit its highest ever monthly level in December, as the country's exports continued to boom, reports London's Financial Times.
Exports grew 18.1 per cent in dollar terms last month, while imports rose by 6.5 per cent, pushing the trade surplus to a record US$78 billion. Both exports and imports exceeded forecasts of economists polled by Bloomberg.
That surge in trade has helped boost China's economy, which has recovered rapidly from the early impact of the pandemic. Gross domestic product data to be released early next week are expected to show that the Chinese economy expanded 2.1 per cent last year.
source:Schednet
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