China Exports Hit Record in 2020
BEIJING–China reported record exports last year, adding steam to the nation’s economy that is expected to be the only major power to report growth in 2020.
China’s exports for 2020 rose 3.6% from a year earlier to a historical high, data from the General Administration of Customs showed Thursday.
China’s imports fell 1.1% last year, resulting in an annual trade surplus of $535.03 billion.
In December, China’s outbound shipment rose 18.1% from a year earlier. That compared with a 21.1% increase in November and the median forecast of a 12.9% rise by economists polled by The Wall Street Journal.
Imports climbed 6.5% last month, better than November’s 4.5% increase and the economists’ expectations of a 5.1% rise.
December’s trade surplus stood at $78.17 billion, higher than November’s $75.42 billion and economists’ forecast of $72 billion.
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(END) Dow Jones Newswires
January 13, 2021 22:16 ET (03:16 GMT)
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Dow Jones – China Exports Hit Record in 2020