CivilsKash
China Surpasses $1 Trillion Trade Surplus
China’s trade surplus crossed $1 trillion for the first time, reaching $1.08 trillion by November, driven by strong non-US demand despite a sharp fall in shipments to the United States.
The surge followed a temporary tariff truce after the late-October meeting between Xi Jinping and Donald Trump, which stabilised export conditions and reversed October’s decline.
November exports rose 5.9% YoY, while shipments to the US fell 28.6% to $33.8 billion, with rerouted trade and price competitiveness aided by domestic deflation supporting overall resilience.
European leaders, including France’s President Macron, warned of possible EU tariffs amid concerns over China’s widening surplus.
Imports grew only 1.9%, signalling weak domestic demand and continued strain in China’s property sector.
Economists caution that the US-China tariff truce may weaken next year, with global headwinds expected to soften external demand and challenge China’s growth targets.
The surge followed a temporary tariff truce after the late-October meeting between Xi Jinping and Donald Trump, which stabilised export conditions and reversed October’s decline.
November exports rose 5.9% YoY, while shipments to the US fell 28.6% to $33.8 billion, with rerouted trade and price competitiveness aided by domestic deflation supporting overall resilience.
European leaders, including France’s President Macron, warned of possible EU tariffs amid concerns over China’s widening surplus.
Imports grew only 1.9%, signalling weak domestic demand and continued strain in China’s property sector.
Economists caution that the US-China tariff truce may weaken next year, with global headwinds expected to soften external demand and challenge China’s growth targets.