China’s exports are leaning heavily on a handful of hi-tech, pricey products.
Visitors view robot arms on display at the stand of Zhejiang Qianjiang Robot Co., Ltd. during the China International Industry Fair in Shanghai, China. Credit: IC Photo via Depositphotos
China is on track for another record-setting trade surplus this year, thanks to the still-surging value of its exports. But the most recent data show just how reliant that surge has become on record-high prices — not volumes — for a few of its hi-tech product shipments.
China’s trade surplus this year had reached $800 billion by the end of August, putting it on track to beat last year’s record of over $1 trillion.
Source: China customs data
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