China’s December exports surge 10.7% amid tariff concerns, boosting trade surplus to $104.84 billion

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China’s December exports surge 10.7% amid tariff concerns, boosting trade surplus to $104.84 billion - Business Mirror

Quick Summary:

HONG KONG—China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that US President-elect Donald Trump has threatened to impose once he takes office.

China has made its industries more efficient through upgrading, investment and innovation supported by research and development, he said.“We have ensured the stability of the global production and supply chain with our own complete manufacturing industry chain, and driven technological progress and industrial upgrading around the world.

But while imports edged higher last year, they still lagged exports, partly due to lower prices for key commodities such as oil and iron ore.“Regarding this year’s imports, we believe that there is still a lot of room for growth.