13 January 2023
China’s trade surplus swelled to a record $877.6 billion in 2022 as exports rose 7% despite weakening U.S. and European demand and anti-virus controls that temporarily shut down Shanghai and other industrial centres.
In Yuan terms, the annual trade surplus is recorded at 42.07 trillion, up by 7.7% compared to 2021. Spokesperson of the General Administration of Customs of China said that China’s exports and imports with Russia in 2022 hit a record high at 1.28 trillion Yuan.
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