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China trade surplus reached record in 2021 despite trade war

Recovering demand in U.S. and Europe plus ASEAN supply woes boosted exports

The Yantian port in Shenzhen. Despite a trade war with Washington and its allies, vaccination drives in the U.S. and Europe helped consumer purchases of Chinese goods recover.   © Reuters

BEIJING -- China's trade surplus in 2021 reached $676.4 billion, the largest ever and up about 30% from the previous year, the country's General Administration of Customs said on Friday.

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