China’s record-breaking export strength continued into December, pushing the annual trade surplus to a new high and providing support to an economy being dragged down by a property-market slump and sporadic Covid outbreaks.
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Exports in December were $340.5 billion, taking the full year total to $3.36 trillion, according to a customs administration statement Friday. Imports were $246 billion in December and $2.69 trillion for the year, leaving a trade surplus of $94.5 billion for the month and $676 billion for the full year.
