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Chinese Trade was Bigger Than Ever Last Year, But 2023 has Everyone Worried

Trade figures released by Chinese customs authorities detailed the country's full-year trade figures for 2022.

For the first time ever, China broke the symbolically important 40 trillion yuan ($6.27 trillion) record for global trade in a single year,  according to new full-year 2022 trade data released by Chinese customs authorities.

Overall, last year’s 7.7% annual increase was better than many had expected, given the massive disruptions to the Chinese economy brought on by the government’s draconian Zero-COVID policy that caused widespread economic disruption. Nonetheless, China traded 4% more with the world in 2022 than it did in 2021.

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