China trade surplus reaches a record of nearly $1tn
Monday, 13 January 2025 () China's trade surplus approached $1 trillion last year due to massive exports and careful domestic spending on imports. This surpasses the previous record, indicating China's strong dominance in global manufacturing. Many countries have responded by increasing tariffs to protect their own industries. As President-elect Trump prepares to take office, further trade tensions may arise.
China's trade surplus hit a record $992 billion in 2024, driven by a 21% rise in exports worth $3.6 trillion, despite weak domestic demand and imports. The surge... IndiaTimes
Monday, 13 January 2025 ()
