China posted a record trade surplus and accelerated the redistribution of global trade flows.
For the first time in its history, China’s trade surplus exceeded $1 trillion, reaching $1.076 trillion over the 11 months. This record was set amid a partial détente in relations with the United States – in October, Beijing and Washington agreed to a year-long trade truce. However, US tariffs on Chinese goods remain in place, and certain product categories remain subject to strict tariff restrictions, forcing China to actively restructure its export strategy.
