China’s Trade Surplus Reaches $1 Trillion

China’s trade surplus has reached $1 trillion for the first time, driven by exports of $3.4 trillion and slightly declining imports of $2.3 trillion in the first 11 months of the year. Despite US tariffs, China’s export growth continues, especially in high-tech goods, electric vehicles, and semiconductors, while companies reroute production to avoid tariffs. The weaker renminbi also enhances China’s export competitiveness, contributing to its historic trade surplus. As trade with the US declines, China focuses on strengthening ties with the EU and Southeast Asia.

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