"The momentum for global trade growth looks to be insufficient, and the external environment for China's foreign trade development remains severe and complex, Wang Jun, a vice-minister at China's customs administration, said at a press briefing on Wednesday. However, with more diversified trading partners, [China's] ability to withstand risks has been significantly enhanced, Wang said, adding that the fundamentals for China's foreign trade remain solid."
"Beijing's resilience to renewed tariff tensions since Donald Trump returned to the US presidency last January has emboldened Chinese firms to shift their focus to south-east Asia, Africa and Latin America to offset US duties."
"The full-year trade surplus came in at $1.189tn a figure on par with the GDP of a top-20 economy globally like Saudi Arabia customs data showed on Wednesday, having broken the trillion-dollar ceiling for the first time in November."
China recorded a record $1.189 trillion full-year trade surplus in 2025 after breaking the trillion-dollar mark in November. Exports grew 6.6% year-on-year in December, outpacing November's 5.9% rise and Reuters expectations, while imports climbed 5.7% after a 1.9% increase. Firms are redirecting orders toward southeast Asia, Africa and Latin America to offset renewed US tariffs and a US administration intent on shifting manufacturing. Beijing views stronger exports as a countermeasure to a prolonged property slump and weak domestic demand. The surplus raises concerns about global overcapacity, trade practices and other economies' reliance on key Chinese products.
Read at www.theguardian.com
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