Comment: Hang on a minute. They said the Chinese economy - and certainly its leadership - was DOOMED when Covid broke out there in early 2020:
But two years later we learn that not only is the Chinese economy back online, it's roaring stronger than it has in a decade!?!
China's trade surplus hit a record high in 2021, boosted by strong exports that have topped market expectations since their pandemic recovery.
For the full year, China's exports rose 29.9% to a new high of $3.36 trillion, beating 2020's record of $2.6 trillion, according to data released by the General Administration of Customs on Friday.
Imports increased 30.1% in 2021, buoyed in part by soaring commodity prices. That translated to an annual trade surplus of $676.43 billion, surpassing the previous high of $593.9 billion in 2015, according to data provider Wind.
In December, China's exports rose 20.9% from a year earlier, slowing from November's 22.0% growth but faster than the 19.0% increase expected by economists polled by The Wall Street Journal. Imports increased 19.5% last month, slower than the 31.7% rise in November and the 24.2% growth estimated by economists. The trade surplus stood at $94.46 billion in December, higher than November's and market expectations.
China's foreign trade has benefited from a quick recovery from the coronavirus shocks of 2020. The government's harsh Covid-19 control measures limited local infections and enabled factories and exporters to continue production and operations, despite short-term disruptions by new outbreaks.
Comment: In other words, they didn't lock-down anywhere near as much as the West did.
The customs bureau said Friday that China's foreign trade - exports and imports combined - topped $6 trillion for the first time in 2021.
I'ts a bit like asking Arab nations to explain why they never had a use for crude oil as part of their self determination prior to being given the idea.
I know Winston Smith was good at his job, but steady on....
It wasn't long ago the Chinese were throwing all their hours old baby girls in the gutters outside....or have we erased that from history?
You can show any nation how to fly planes and drive cars but only one kind of SPIRIT can endure giving light and maintain it. Let's see how China copes with internal maintenance in the post "export" age without the "buyer".....don't stagnate now....remember your a WORLD LEADER....with an expected 500,000 world population to profit from, or shall we change the guideposts...