Why do more than 50% of British imports go to Beijing and Shanghai?

In 2021, China recorded a historical trade surplus of £500 billion. But trade balances vary across regions, with trade surpluses and minuses highly concentrated in a few provinces, writes Torsten Weller China has long been seen as the ‘workshop of the world.’ This ‘moniker’ has become even more justified during the Covid-19 pandemic, when most developed economies in the West shut down during lengthy lockdowns. Factory closures in other export-oriented…