Sunday 16 May 2021
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scmp - 1 month ago

China’s imports from US set record in first quarter, but their trade imbalance grows on strong Chinese exports

Against the backdrop of a transpacific rivalry and amid uncertainties surrounding the coronavirus, China’s imports are on the rise, with its purchases from the United States setting record highs in both March and the first quarter of the year. Meanwhile, China’s export engine continues to fire on all cylinders.Regarded as the world’s factory and categorised as a developing economy, China has long faced overseas scepticism about its trade practice of selling more to other nations than it is…


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