China trade surplus with US widens 7.1% to $317 billion in 2020
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China trade surplus with US widens 7.1% to $317 billion in 2020
AFP / Jan 14, 2021, 12:30 IST
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(Representative image)
BEIJING: China s trade surplus with the United States widened last year, underlinging the failure of Donald Trump to narrow the gap during his tenure, demand soared for electronics and medical equipment during the coronavirus pandemic.
The pick-up came on the back of a jump in exports through most of last year as China s factories kicked back into gear from the second quarter following a strict lockdown that managed to broadly contain Covid-19 and allow economic activity to return.