The country’s politically volatile global trade surplus expanded by 29.7% from 2021′s record, already the highest ever for any economy. “China’s foreign trade and exports showed strong resilience in the face of many difficulties and challenges,” said a customs agency spokesperson, Lu Daliang, at a news conference. December exports fell for a third month, contracting by 10.1% from a year earlier to $306.1 billion. China’s annual trade surplus with the United States, one of the irritants that prompted Trump to hike tariffs, widened by 1.8% from 2021 to $404.1 billion. China’s trade surplus with Europe fell 50% to $19.6 billion.

Source: MetroXpress January 13, 2023 05:03 UTC