China’s trade dynamics shifted dramatically in November, with exports jumping 5.9% year-over-year—beating economist forecasts of 4%—to propel the annual trade surplus beyond a record $1 trillion. Imports grew a modest 1.9%, resulting in a monthly surplus of $112 billion, highlighting Beijing’s ongoing reliance on foreign demand amid domestic challenges like sluggish consumption and a housing slump. (see the generated image above.) (see the generated image above.)
Despite a sharp 29% plunge in shipments to the US—the eighth straight month of double-digit drops—robust growth to the EU (up nearly 15%), Africa (surging 28%), Latin America, and Japan more than compensated. This rebound offsets US trade tensions under President Trump, with non-US markets fueling export strength and supporting China’s ~5% GDP growth target for 2025. (see the generated image above.)
The massive surplus underscores export-led growth compensating for weak imports and internal economic pressures, drawing global scrutiny on cheaper Chinese goods flooding markets. Analysts note surprises in EU and Japan rebounds, boosting overall momentum despite unbalanced trade patterns.
Disclaimer:
This post shares market insights for educational purposes only and does not constitute financial advice. Investments carry risks—always consult a certified advisor before trading decisions. (see the generated image above.)
