China 2020 exports up despite virus, surplus surges to $535 bln.

China 2020 exports up despite virus, surplus surges to $535 bln.
  • Clock-gray 10:51
  • calendar-gray 14 January 2021

China’s exports rose in 2020 despite pressure from the coronavirus and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever reported, APA reports citing Associated Press.

Exports increased 3.6% over 2019 to $2.6 trillion, an improvement on the previous year’s 0.5% gain, customs data showed Thursday.

Imports edged down 1.1% to just over $2 trillion, but growth was strong in the second half after China became the first major economy to revive following the pandemic.

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