{"id":1217118,"date":"2022-01-14T18:34:31","date_gmt":"2022-01-14T23:34:31","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1217118"},"modified":"2022-01-14T18:34:42","modified_gmt":"2022-01-14T23:34:42","slug":"chinas-trade-surplus-hits-annual-record-in-2021-saw-double-digit-growth-in-exports-every-month","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-trade-surplus-hits-annual-record-in-2021-saw-double-digit-growth-in-exports-every-month\/","title":{"rendered":"China\u2019s Trade Surplus Hits Annual Record in 2021 \u2014 Saw Double-Digit Growth in Exports Every Month"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinas-trade-surplus-hits-annual-record-in-2021-saw-double-digit-growth-in-exports-every-month%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1217118&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\"><span>China\u2019s dominance of global trade in the wake of the Wuhan coronavirus pandemic was confirmed on Friday with the release of annual data that showed its trade surplus hitting a record high of $676 billion in 2021, a 26 percent gain over 2020 driven by a 30 percent surge in exports.<\/span><\/p>\n<p><span>The <\/span><a href=\"https:\/\/www.ft.com\/content\/b8555ffb-4a19-415b-8263-bda6c816fa3e\"><i><span>Financial Times<\/span><\/i><\/a> <span>(FT) noted Friday that China posted double-digit growth in exports during every single month of 2021. Economist Larry Hu of Australia\u2019s Macquarie Group said the surge in exports was enough to \u201coffset the slowdown in property and the very weak consumption\u201d posted by China.<\/span><\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p><span>\u201cAfter a deep fall in early 2020, Chinese exports began to rise sharply soon after domestic cases of the virus slowed to a trickle and as lockdowns were imposed in other countries around the world. Exports continued to climb through 2021 despite widespread delays and blockages across global supply chains,\u201d the <\/span><i><span>FT <\/span><\/i><span>noted.<\/span><\/p>\n<p><span>The property slowdown is most dramatically reflected by the travails of Evergrande, the titanic Chinese property developer that spent much of 2021 teetering on the brink of fiscal collapse. On Friday, Evergrande worked out a deal with investors to delay payments on a $708 million bond, staving off what would have been China\u2019s first public bond market default.<\/span><\/p>\n<div id=\"attachment_19031906\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/01\/china-debt-residents-wearing-masks-pass-by-sign-depicting-evergrande-china-operation-at-of-commerc.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-19031906\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/01\/china-debt-residents-wearing-masks-pass-by-sign-depicting-evergrande-china-operation-at-of-commerc.jpg\" alt=\"The Associated Press\" width=\"1920\" height=\"1280\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>Residents wearing masks pass by a sign depicting Evergrande Group\u2019s China operation at a one of their commercial projects in Beijing, China, Tuesday, Dec. 7, 2021. (AP Photo\/Ng Han Guan)<\/em><\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<\/div>\n<p><span>\u201cThe move highlights how big Chinese borrowers such as Evergrande can effectively operate in two distinct financial worlds, with creditors onshore sometimes taking a different approach from their international peers, and with markets in China somewhat shielded from defaults offshore,\u201d the <\/span><a href=\"https:\/\/www.wsj.com\/articles\/china-evergrande-averts-first-onshore-public-default-11642145768\"><i><span>Wall Street Journal<\/span><\/i><\/a> <span>observed.<\/span><\/p>\n<p><span>Evergrande and other Chinese property firms are not out of the woods yet. The <\/span><a href=\"https:\/\/www.scmp.com\/business\/china-business\/article\/3160806\/china-property-crisis-if-last-year-was-bad-likes-evergrande\"><i><span>South China Morning Post<\/span><\/i><\/a> <span>(SCMP) predicted a \u201cbleak\u201d year ahead, with more debt crises, a continued slump in home sales, and property tax increases looming.<\/span><\/p>\n<p><span>The <\/span><i><span>SCMP <\/span><\/i><span>cited estimates that investors lost over $90 billion in combined market value from Chinese property stocks last year, while $126 billion in value was erased from the real estate index. Chinese developers have almost $20 billion in offshore bonds coming due in the first and second quarters of this year, almost double the amount that came due in the last quarter of 2021.<\/span><\/p>\n<p><span>As for soft consumer demand, the <\/span><i><span>FT <\/span><\/i><span>indicted China\u2019s \u201cstrict pandemic strategy to minimize Covid [Chinese coronavirus] cases,\u201d featuring recent lockdowns of several huge cities. Other analysts have <\/span><a href=\"https:\/\/www.barrons.com\/articles\/china-has-bright-spots-in-its-weak-consumer-market-51630144802\"><span>pointed<\/span><\/a><span> to natural disasters like floods, shortages of computer chips, and Chinese regulatory crackdowns on corporations as factors in reduced demand.<\/span><\/p>\n<p><span>The <\/span><i><span>FT <\/span><\/i><span>postulated 2021 would prove to be a peak year for Chinese exports, as a trend of decelerating growth that began in September continues and the rest of the world emerges from the pandemic China unleashed and profited from so handsomely.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s dominance of global trade in the wake of the Wuhan coronavirus pandemic was confirmed on Friday with the release of annual data that showed its trade surplus hitting a &#8230;<\/p>\n","protected":false},"author":41,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1217118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1217118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1217118"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1217118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1217118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1217118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1217118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}