The Chinese trade surplus with the US hit a record high in 2017

by Dramelin 9:00 PM 0 comments

China`s 2017 trade surplus with the U.
81 billion, the country`s customs data showed Friday, according to Reuters.
By that data, last year`s surplus is a record high, the wire service reported.
For comparison, the previous record was a surplus of $260.
The world`s second-largest economy had a surplus of $25.
55 billion in December, data showed, compared to $27.
87 billion in November.
Trade with China is politically sensitive as the world`s second-largest economy runs surpluses against many of its trading partners.
President Donald Trump has repeatedly signaled tougher action on what he calls unfair practices that have lead to a massive trade deficit with China.
Overall, China`s trade balance for 2017 was a surplus of $422.
5 billion —CNBC`s Huileng Tan and Reuters contributed to this report.