Reported 14 days ago
China is set to achieve a record trade surplus nearing $1 trillion this year, causing friction with major economies and potentially provoking tariffs from the incoming Trump administration. The surplus grew to $785 billion in the first ten months of 2024, driven by strong export performance amidst a weakening domestic demand. As countries worldwide, including the US and Europe, respond with tariffs, Beijing is pledging increased support for its industries to stabilize foreign trade and employment.
Source: YAHOO