China’s trade balance after exports grew to 535 billion US dollars in 2020, lifting its surplus to a five year high. That, despite the coronavirus pandemic and a trade war with the United States. In December, exports surged 18% on the previous year. Supply problems elsewhere helped boosted demand for Chinese goods. China’s robust recovery also drove domestic consumption of foreign products with imports also beating expectations.
Is China changing its strategy towards decoupling from the world economy? | DW News
