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China trade surplus hits record $75B as Nov exports soar

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China trade surplus hits record $75B as Nov exports soar

Photo: Chinatopix via AP, File. Article by Joe McDonald.

BEIJING (AP) — China’s politically sensitive trade surplus soared to a record $75.4 billion in November as exports surged 21.1% over a year earlier, propelled by American consumer demand.

Exports to the United States rose 46% despite lingering tariff hikes in a trade war with Washington, customs data showed Monday.

Total exports rose to $268 billion, accelerating from October’s 11.4% growth. Imports gained 5% to $192.6 billion, up from the previous month’s 4.7%.

Chinese exporters have benefited from the economy’s relatively early reopening after the Communist Party declared the coronavirus pandemic under control in March while foreign competitors still are hampered by anti-disease controls. […]

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