China-US trade rose 81.3% to $109.8 billion in Jan and Feb in US dollar terms, the Chinese National Bureau of Statistics reports. Chinese exports to the US could jump 20% in 2021. US is now China’s third largest trading partner, behind ASEAN and EU. US is bound to increase imports with the $1.9 trillion bonus.
While Reuter reports:
* Jan-Feb exports +60.6% yr/yr
* Jan-Feb imports +22.2% yr/yr
* Jan-Feb trade surplus $103.25 bln
* Feb exports +154.9% y/y, imports +17.3%
After Jan-Feb exports surge 60.6% in US dollar terms, Chinese exporters weigh price hikes to offset inflated raw material costs.
