China’s Record Trade Surplus: Trump’s Failed Trade War and a Broken Economic Model
China has achieved a record-breaking trade surplus, reaching US$1.076 trillion in the first eleven months of the year, exceeding the previous record. This growth was fueled by efforts to diversify export markets despite ongoing trade uncertainties. November saw a rebound in exports, increasing by 5.9% year-on-year to US$330.35 billion, contributing to an overall trade surplus for the month. While exports showed strength, sluggish import growth reflected weaker domestic demand, a key challenge for China’s economy.
John Q. Hosedrinker