Home Asia China’s Trade Surplus Hits Annual Record in 2021 — Saw Double-Digit Growth...

China’s Trade Surplus Hits Annual Record in 2021 — Saw Double-Digit Growth in Exports Every Month


China’s 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.

The Financial Times (FT) noted Friday that China posted double-digit growth in exports during every single month of 2021. Economist Larry Hu of Australia’s Macquarie Group said the surge in exports was enough to “offset the slowdown in property and the very weak consumption” posted by China.

“After 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,” the FT noted.

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’s first public bond market default.

The Associated Press

Residents wearing masks pass by a sign depicting Evergrande Group’s China operation at a one of their commercial projects in Beijing, China, Tuesday, Dec. 7, 2021. (AP Photo/Ng Han Guan)

“The 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,” the Wall Street Journal observed.

Evergrande and other Chinese property firms are not out of the woods yet. The South China Morning Post (SCMP) predicted a “bleak” year ahead, with more debt crises, a continued slump in home sales, and property tax increases looming.

The SCMP 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.

As for soft consumer demand, the FT indicted China’s “strict pandemic strategy to minimize Covid [Chinese coronavirus] cases,” featuring recent lockdowns of several huge cities. Other analysts have pointed to natural disasters like floods, shortages of computer chips, and Chinese regulatory crackdowns on corporations as factors in reduced demand.

The FT 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.


  1. I am making a real GOOD MONEY ($550 to $750 / hr) online from my laptop. Last month I GOT chek of nearly 85000$, this online work is simple and straightforward, don’t have to go OFFICE, Its home online job. You become independent after joining this JOB. I really thanks to my FRIEND who refer me this SITE…..,

    >>>>>>> http://Www.SmartPay1.com

  2. [ JOIN US ] ★My last month paycheck was for 15000 dollars… All i did was simple online work from comfort at home for 3-4 hours/day that I got from this agency I discovered over the internet and they paid me for it 95 bucks every hour on…… http://www.MoneyStar1.com

  3. Web earning platform which enables you to makes more than $500 daily on the internet. Just do some part time work and earns over $500 easily on line. Last month I have got paid $17196 and I am doing is simply copy and paste some things online just for 2 hrs per day. Easy to do and easy to connect too. All you have to do is go to the site cited below and follow directions.
    =-=-=->> http://Www.PAYCASH1.com

  4. I’ve made $84,000 so far this year working online and I’m a full time student. I’m using an online business opportunity I heard about and I’ve made such great money. It’s really user friendly and I’m just so happy that I found out about it. The potential with this is endless
    Here’s what I do……………….. http://Www.Self25.com

    • These are 2 pay checks $78367 and $87367. that i received in last 2 months. I am very happy that i can make thousands in my part time and now i am enjoying my life. Everybody can do this and earn lots of dollars from home in very short time period. Just visit this website now….

  5. I get paid over $87 per hour working from home with 2 kids at home. I never thought I’d be able to do it but my best friend earns over 10k a month doing this and she convinced me to try. The potential with this is endless. Here’s what I’ve been doing… http://www.Buzzjoin.com

  6. [ JOIN US ] I get paid more than $120 to $350 per hour for working online. I heard about this job 3 months ago and after joining this I have earned easily $24000k from this without having online working skills . Simply give it a shot on the accompanying site…
    Here is I started.…………>> http://Www.NETCASH1.Com

  7. Hey Guys, After leaving my previous job 11 months ago, I’ve had some good luck to learn about this website which was a life-saver for me… They offer jobs for which people can work online from their house. My latest paycheck after working for them for 4 months was for $71600… Amazing thing about is that the only thing required is simple typing skills and access to internet.

    Read all about it here………. http://www.livejob247.com


Please enter your comment!
Please enter your name here