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China’s affair with the global grains market continues | The Land




China’s General Administration of Customs released its December trade data last week, and the numbers confirmed that the Chinese economy continues its post-pandemic rebound as its manufacturing industry capitalises on COVID-19 lockdowns in many western countries.

Exports grew for the seventh consecutive month in December, rising 18.1 per cent compared to the same month in 2019 – but were down slightly from the 21.1 per cent growth recorded in November.

China’s imports increased by 6.5 per cent in December compared to a year earlier, and were up from 4.5 per cent the previous month.

Its surge in exports in December pushed China’s trade surplus to a record US$78.18 billion, eclipsing the previous high of US$75.40 billion set in November.

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