China’s Exports Robust As Trade Surplus Hits Record
The data out of China continues to suggest the world's second-largest economy is on reasonably solid footing, having left the pandemic in the rearview mirror two quarters back.
This refrain is repetitive even as refrains go, but it has to be documented.
Exports rose 18.1% in December, easily beating consensus, which was looking for a 15% increase.
Imports, meanwhile, rose 6.5%. That was also better than expected, and marked the fourth consecutive monthly rise.
The latest trade figures come
Who are they exporting to? The rest of the world is hardly in a buying mood.
Ok, record trade deficit for us and huge jump in China exports (mostly to Europe) seems to indicate we lost that trade war thingy.