US EditionChina trade surplus tops $1 trillion for first time on non-US growth
China’s trade surplus topped $1.08 trillion through November, up 21.7% year-on-year, driven by export growth to Europe, Southeast Asia, Africa, and Latin America amid weakened US shipments.
- China’s General Administration of Customs reported on Monday that the country's accumulated trade surplus reached $1.08 trillion through November, the first time the annual surplus topped $1 trillion.
- China's exports grew 5.9% in November, with shipments to Europe, Africa, and Southeast Asia offsetting a nearly 29% decline to the United States.
- November's customs data showed China's monthly trade surplus at $111.68 billion, with exports reaching $330.3 billion and imports totaling $218.6 billion.
- The International Monetary Fund's visit this week adds pressure as trading partners face scrutiny, with Emmanuel Macron warning the EU may impose tariffs in the coming months.
- A weak yuan means Chinese goods remain competitive, Beijing leaders face calls to boost consumption, and some economists expect China to gain export market share in coming years.
165 Articles
165 Articles
Sydney Morning Herald
The Age‘They’re killing their own customers’: Beijing, we have a $1.5 trillion problem
China has posted a record trade surplus of more than $US1 trillion, and that is before the year is even finished. Its trading partners are threatening to revolt.
DECRYPTAGE - Despite Donald Trump's US tariffs, China is strengthening its position in world trade.
China’s Trade Surplus Reaches a Record of $1 Trillion in 11 Months
China’s trade surplus has topped $1 trillion as of November, breaking the full-year record set in 2024, as an outpouring of cheap products floods the global markets amid sluggish demand at home. Overall sales abroad surged by 5.9 percent in November in U.S. dollar terms compared with the same month last year, according to data released by the Chinese regime’s General Administration of Customs on Dec. 8. It bounced back from a 1.1 percent decline…
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