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BEIJING, Jan. 13 (AP) — China’s trade surplus swelled to a record $877.6 billion in 2022, even as exports rose amid weak demand in the U.S. and Europe and anti-virus controls that temporarily closed Shanghai and other industrial hubs. 7%.
Exports rose to $3.95 trillion, customs data showed on Friday, down from a 29.9% explosion in 2021. Imports edged up 1.1 percent to $2.7 trillion, a slowdown from a 30.1 percent rise the previous year, as growth in the world’s second-largest economy slowed.
The country’s politically sensitive trade surplus jumped 29.7% from the 2021 record, which is already the highest level on record for any economy.
“In the face of many difficulties and challenges, China’s foreign trade exports have shown strong resilience,” Lu Daliang, a spokesman for the General Administration of Customs, told a news conference. Lu warned that “the downward pressure on the world economy has increased” and exports will face “many difficulties and challenges”. (Associated Press)
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(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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