彭博：中国贸易顺差接近创纪录的1万亿美元，国外眼红，外资撤离更多资金0

Investment Rating - The report indicates a strong trade surplus for China, with expectations of reaching nearly $1 trillion, suggesting a positive outlook for the industry [1][3]. Core Insights - China's trade surplus has surged to $785 billion in the first ten months of the year, marking a nearly 16% increase compared to 2023, and is projected to set a new record [1][4]. - The reliance on exports to compensate for domestic demand weakness has raised concerns among various countries, with potential tariff impositions from the incoming Trump administration [2][6]. - The trade surplus with the US has increased by 4.4%, with significant growth also noted in trade surpluses with the EU (9.6%) and ASEAN (nearly 36%) [6]. Summary by Sections Trade Surplus - China's trade surplus is expected to reach a record high, with a 12% increase over the previous record set in 2022 [1][4]. - The trade surplus accounted for 5.2% of nominal GDP in the first nine months, the highest level since 2015 [4]. Foreign Direct Investment - There has been a notable decline in foreign direct investment, with a decrease of nearly $130 billion in the first nine months of the year, indicating potential annual net outflows for the first time since 1990 [7][8]. - Major companies, including Nissan and Volkswagen, have withdrawn investments from China, reflecting a broader trend of foreign companies pulling out due to geopolitical tensions and competition from local firms [8][9]. Economic Measures - In response to the economic slowdown, the Chinese government has pledged to increase financial support for industries to stabilize foreign trade and promote economic growth [4][11]. - Despite the challenges, Chinese companies are expanding overseas investments, with a reported increase of approximately $34 billion in overseas assets in the third quarter [13].