Troublesome US$275.8b trade surplus with US in 2017China | 12 Jan 2018 4:28 pm
China’s trade surplus in December with the 28-nation European Union, its biggest trading partner, stood at US$14.6 billion, data showed today. For the full year, it was US$127.2 billion.
The monthly surplus with the United States was US$25.6 billion. For the year, it was US$275.8 billion.
Data reported by the U.S. government often show a bigger gap with China because Beijing’s figures reflect only the initial destination, such as Hong Kong or another port, for exports bound for the United States and other foreign markets.-AP