China's Trade Surplus Surges to New Heights

All over the world, families finding themselves with more time at home because of the pandemic have responded by buying more furnishings, consumer electronics and other goods made in China.

Those purchases pushed China’s trade surplus to its highest level ever last year, according to data released on Friday by the Chinese government. The country’s surplus in December also shattered by a wide margin the record for the highest single month, set only two months earlier.

China’s trade surplus reached $94.5 billion in December, breaking the previous record of $84.5 billion, set in October. The country’s trade surplus for all of last year climbed to $676.2 billion.

.dw-chart-subhed { line-height: 1; margin-bottom: 6px; font-family: nyt-franklin; color: #121212; font-size: 15px; font-weight: 700; } Monthly China trade balance

Source: China General Administration of Customs, FactSet

By The New York Times

China has carefully managed its trade

Keep reading this article on The New York Times Business.

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