China’s economy is roaring back as Americans gobble up everything from its cellphones to its health masks, raising the stakes for trade relations with the United States as President-elect Joe Biden gets set to take over.
Data on Monday showed China notched a record $75.4 billion trade surplus in November after exports from China to the rest of the world jumped 21.1% compared to a year ago.
Much of the increase was driven by a 46% jump in exports to the United States – despite tariffs imposed by President Trump that have contributed to the worst relations between the two countries in decades.
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