Stalin
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- Joined
- Apr 4, 2008
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Comparing the booming Chinese economy with the collapsing sclerotic WarParty regime, it shows that that the
tariffs have been totally counterproductive...
China announced record export numbers for 2025, a year when US President Donald Trump's tariffs and trade policy caused turmoil in the global economy.
Beijing on Wednesday reported the world's largest-ever trade surplus - the value of goods and services sold overseas compared to its imports - at $1.19tn (£890bn).
It's the first time China's full-year trade surplus has passed $1tn, beating 2024's record figure of $993bn.
China's monthly export surpluses passed $100bn seven times last year - a sign that Trump's tariff campaign have barely affected its overall trade with the rest of the world.
Trade with the US did weaken, but this was made up for by a rise in Chinese exports elsewhere, especially to South East Asia, Africa and Latin America.
Wang Jun, the deputy director of China's customs, said during a press conference on Wednesday that the figures are "extraordinary and hard-won" given the "profound changes" and challenges in global trade.
He noted a rise in exports of green technology, artificial intelligence-related products and robotics.
The huge surplus can be explained by strong overseas demand for Chinese goods as trade with global partners including South Asian countries and others in Africa and Europe grew, as well as a weak domestic market.
www.bbc.com
comrade stalin
moscow
tariffs have been totally counterproductive...
China announced record export numbers for 2025, a year when US President Donald Trump's tariffs and trade policy caused turmoil in the global economy.
Beijing on Wednesday reported the world's largest-ever trade surplus - the value of goods and services sold overseas compared to its imports - at $1.19tn (£890bn).
It's the first time China's full-year trade surplus has passed $1tn, beating 2024's record figure of $993bn.
China's monthly export surpluses passed $100bn seven times last year - a sign that Trump's tariff campaign have barely affected its overall trade with the rest of the world.
Trade with the US did weaken, but this was made up for by a rise in Chinese exports elsewhere, especially to South East Asia, Africa and Latin America.
Wang Jun, the deputy director of China's customs, said during a press conference on Wednesday that the figures are "extraordinary and hard-won" given the "profound changes" and challenges in global trade.
He noted a rise in exports of green technology, artificial intelligence-related products and robotics.
The huge surplus can be explained by strong overseas demand for Chinese goods as trade with global partners including South Asian countries and others in Africa and Europe grew, as well as a weak domestic market.
China announces record trade surplus despite Trump tariffs
Beijing reported the largest-ever trade surplus at $1.19tn as China diversified its trade.
www.bbc.com
comrade stalin
moscow
