Economics
China’s Exports Surge in Year-End Rush as Pandemic Fuels Demand
- Exports of medical equipment, electronics remain strong
- Trade surplus with U.S. reached new monthly record in November
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China’s exports jumped in November by the most since early 2018, pushing its trade surplus to a monthly record high and underlining how global demand for pandemic-related goods is supporting a growth rebound in the world’s second-largest economy.
Chinese companies shipped $268 billion in goods in November, the most for any single month and more than 21% higher than the same month last year. Import growth eased to 4.5%, leaving a trade surplus of $75.4 billion -- the largest on record in data going back to 1990.