The city is the world’s Christmas capital. Masses of stalls are dedicated to Christmas paraphernalia: trees, ornaments, hats, wreaths and candy canes. These wares have contributed to China’s recent $1trn trade surplus https://t.co/MPkYxOfdPC ...

The city is the world’s Christmas capital. Masses of stalls are dedicated to Christmas paraphernalia: trees, ornaments, hats, wreaths and candy canes. These wares have contributed to China’s $1trn trade surplus https://t.co/8QyIXan37hPhoto: Getty Images https://t.co/RWWi285Utu ...

The city is the world’s Christmas capital. Masses of stalls are dedicated to Christmas paraphernalia: trees, ornaments, hats, wreaths and candy canes. These wares have contributed to China’s recent $1trn trade surplus https://t.co/OvaFlPhthJ ...

China’s surplus cannot be chalked up only to the tenacity of its exporters. It also reflects the weakness of its own spending https://t.co/fD70s2vQDK ...

14 December 2025 | 10:14PM HKT Economics Research China: Three things in China Three quick highlights from China: China's year-to-date goods trade surplus surpassed $1 trillion for the first time in history 0 200 400 600 800 1000 1200 0 200 400 600 800 1000 1200 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec USD bn USD bn China year-to-date goods trade surplus 2025 2024 2023 2022 2021 2020 2019 Source: China Customs, Haver Analytics, Goldman Sachs Global Investment Research n Underlying inflation remains s ...

China’s trade surplus in goods this year exceeded $1trn, according to its customs administration. Even as exports to America fell, sales to the rest of the world more than made up the difference https://t.co/woHFp4F8Pi ...

China’s surplus cannot be chalked up only to the tenacity of its exporters. It also reflects the weakness of its own spending https://t.co/jy07gWgQbb ...

Canada recorded a trade surplus for the first time since January as exports rebounded sharply and imports declined. https://t.co/TN8WM7YTBA ...

US-China Trade Dynamics - Chinese companies still rely on the American market, despite double-digit falls in exports to the US over the past eight months [2][3] - China's exports to the US are being rerouted through third countries like Vietnam, Thailand, Malaysia, Philippines, Indonesia, and Mexico [3] - If Chinese companies completely lost access to the American market, their profits would significantly decrease [4] China's Economic Strategy - China is diversifying its trade relationships, indicating that the US is not the only market for Chinese goods [4] - The primary focus is on the weakness of Chinese domestic demand and the country's increasing ability to meet its own needs domestically [5] - The Politburo has decided to prioritize boosting domestic demand in 2026 [6] Stimulus and Import Reliance - The expected stimulus is not very large, limiting its impact [8] - Chinese companies are increasingly capable of filling domestic demand gaps, reducing reliance on imports [8][9] - China is less reliant on imports than ever before, diminishing the flow-through effects of domestic rebalancing to foreign countries compared to the 2008 stimulus [9][10]

JUST IN: 🇨🇳 China's annual trade surplus hits a record $1 trillion, despite trade war with the US. https://t.co/AVqs3TDAGZ ...