China's trade surplus tops record US$1T, defying trade war uncertainty
2 days ago
- #economic growth
- #China trade
- #trade surplus
- China's trade surplus reached a record US$1.076 trillion in the first 11 months of the year.
- November exports increased by 5.9% year-on-year, surpassing forecasts.
- Exports to the US continued to decline sharply.
- The trade surplus for January-November exceeded the previous full-year record of US$992.2 billion in 2024.
- Imports in November rose by 1.9% year-on-year, missing forecasts.
- China's trade surplus for November was US$111.68 billion.
- Strong exports are supporting economic expansion, while weak import growth reflects sluggish domestic demand.