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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China 2021 Trade Grows To Record High
China's foreign trade has played a great performance in the year of 2021, with exports and imports growing to record high of $6.05 trillion, or a 30.0% increase, according to the data released on Friday by the China General Administration of Customs.
Exports increased 20.9% y/y in December, leading the whole year growth climbing to 29.9% y/y. Among export products, mechanical and electronical items were accounted for 59% of the total exports by increasing 20.4% y/y, Customs said.
Imports rose 19.5% y/y in the last month, accumulating the yearly growth to 30.1% y/y. December trade surplus expanded to USD94.46 billion from USD71.71 billion in November. The surplus amounted to USD676.43 billion in the year.
China exports to the European Union, the United States and ASEAN increased by 32.6%, 27.5% and 26.1%, respectively while imports from the above top three marked 19.9%, 32.7% and 30.8%.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.