remember the trade war supply chains diversifying out of china chinese exporters apparently missed the memo the country racked up a record 676 billion trade surplus for 2021 a 60 jump from the prepandemic year of 2019 don’t blame currency manipulation the yuan rose 3 against the dollar last year “no one has been able to decenter china from the global economy and they won’t any time soon” says scott kennedy senior advisor in chinese economics at the center for strategic and international studies