China’s trade surplus in the first quarter of 2021 came in at CNY759.29 billion (USD115.99 billion), the latest data from the Customs showed on Tuesday.
China Q1 yuan-denominated exports +38.7% YoY.
China Q1 yuan-denominated imports +19.3% YoY.
China Q1 total trade with the united states +61.3% in yuan term.
China’s foreign trade has been recovering and growing.
China’s exports rose sharply in March while import growth surged to the highest in four years. It’s another boost to the nation’s economic recovery.
And signals improving global demand as worldwide vaccinations pick up speed.
The data suggests the world’s second largest economy will continue to gather momentum. Nick Note: Lets be clear here. The factory of the world is opening up. Shipping the shit out of goods and Exports are soaring. What does that tell you? Why it means business is gearing up for a massive recovery. Please note these are not year over year comparisons. but 4 years highs……… The profits will soon be flowing to the bottom line. As a foot note it caught business ha ha ha economists and algo assholes flat footed.. They never saw this coming and that is why they are having to rush to catch up on the inventories they let run down. The $1.00 chip shortage is just a small example of how bad they fucked up……… Party On!