China Posts Record Trade Surplus in 2021 on Soaring Exports By Bloomberg

© Reuters. (Bloomberg) — China posted record a 4.36 trillion yuan trade surplus in 2021, according to Bloomberg calculations based on official data. Exports in yuan terms rose 21.2% in 2021 compared to 2020, while imports rose 21.5%, the customs administration said in a statement in Beijing Friday. December exports rose about 16% in yuan terms from a year ago, down from 16.6% in November, according to Bloomberg calculations. That was lower than the median estimate of 16.3% in a Bloomberg survey of economists. Growth in imports in yuan slowed to 15% in December from a 26% increase in the…