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.
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173 Articles
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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.
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