News Snapshot:
China posted record trade surpluses in December and 2021, with exports outperforming expectations amid the global pandemic, but some analysts expect international supplies to plummet in the coming months. The trade surplus will reach $676.43 billion in 2021, the highest since records began in 1950, up from $523.99 billion in 2020, according to data from the Bureau of Statistics. Last month’s exports rose 20.9% year-on-year, beating expectations of a 20% increase but down from her 22% gain in November. “Exports, which have been strong over the past month, are likely to weaken in the coming months amid increased port disruptions,”...
