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China – Dec External Trade
14/01/2022 01:26 pm MYT
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In Dec 2021, China’s total trade jumped 16.7% from a year ago to RMB3.75 trillion. Exports jumped 17.3% year-on-year to RMB2.18 trillion, while imports jumped 16.0% to RMB1.57 trillion, resulting in a trade surplus of RMB604.69 bln (figure 1). For the whole of 2021, China’s exports and imports expanded by 21.2% and 21.5% to a record RMB21.73 trillion and RMB17.37 trillion respectively, giving rise to a trade surplus of RMB4.37 trillion.

 

China’s strong external trade performance reflected her solid economic recovery as well as her major trading partners’ gradual recovery which boosted China’s imports and exports. In 2021, China’s trade with ASEAN, EU, US, Japan, and countries along the Belt and Road surged by 19.7%, 19.1%, 20.2%, 9.4%, and 23.6% respectively from 2020.

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Note from Publisher
i Capital will pause publication for two weeks during the coming Chinese New Year period. There will be no i Capital during the weeks starting 24 Jan and 31 Jan. However, www.icapital.biz will be updated as usual. Our office will be closed from 31 Jan to 2 Feb. Otherwise, its operating hours are as usual. Volume 33, number 23 of i Capital will hence be dated 10 Feb - 16 Feb 2022.

According to the Chinese Zodiac, 2022 is the Year of the Tiger. Tigers are majestic and powerful animals. They are often associated with courage and strength. Even though they are feared the world over for their agility and ferocity, tigers are caring and patient to the ones they love. Male adult tigers often let their female partner and cubs eat before they do, making sure that the weaker ones receive nourishment first. Tigers are incredibly patient hunters - moving slowly and quietly, they stalk their prey for 20-30 minutes before going in for the kill. For a more fruitful and blessed Year of the Tiger, human beings, especially those in positions of power, should look to tigers as inspiration when dealing with those who are less privileged. Investors too would benefit greatly from a tiger’s patience when making investments.
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