China is winning the trade war and its exports have never been h

China is winning the trade war and its exports have never been higher

https://www.cnn.com/2021/01/14/economy/china-trade-surplus-intl-hnk/index.html

 

Hong Kong (CNN Business) China was already outperforming every other major world economy last year as the coronavirus pandemic upended the globe. It looks like the country's relatively sure footing also gave it the edge in its trade war with the United States.

The world's second biggest economy closed out 2020 with an overall trade surplus of $78 billion for December, according to official customs data released Thursday. China's overall surplus for the year hit a record $535 billion, up 27% from 2019. Exports, meanwhile, rose to an all-time high.