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Chinese Premier Highlights Impact of US Tariffs as China's Trade Surplus Exceeds $1 Trillion

Chinese Premier Highlights Impact of US Tariffs as China's Trade Surplus Exceeds $1 Trillion

Chinese Premier Li Qiang has addressed the impact of U.S. tariffs on the global economy, noting that these measures have significantly affected international trade. Despite the tariffs, China's trade surplus has surpassed $1 trillion, with exports rising by 5.9% in 2025. The tariffs, imposed by President Trump, have led to a 29% decline in Chinese exports to the U.S. in November, marking the eighth consecutive month of decreases. However, China has compensated for this by increasing exports to other global markets. The remarks were made during a forum in Beijing, where Li emphasized the need for free trade and collaborative innovation.
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China's exports grow 5.9% in November, while US shipments drop 29%

China's exports grow 5.9% in November, while US shipments drop 29%

China's exports returned to growth in November after an unexpected contraction in October, climbing 5.9% from a year earlier
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China's trade surplus tops $1 trillion as its exports surge while imports lag behind

China's trade surplus tops $1 trillion as its exports surge while imports lag behind

China's exports returned to growth in November after an unexpected contraction in October, pushing its trade surplus for 2025 past the $1 trillion mark for the first time
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China's Export Strategy Shifts Towards Africa Amid US Trade Decline

China's Export Strategy Shifts Towards Africa Amid US Trade Decline

China's exports have rebounded, with a 5.9% increase in November, despite a significant decline in trade with the United States. This growth is attributed to increased shipments to developing markets, including Africa, Southeast Asia, and Latin America. The shift comes as Chinese exports to the US fell nearly 29% from the previous year, marking the eighth consecutive month of double-digit declines. The recent trade truce between the US and China, which includes tariff reductions and the suspension of export controls on rare earths, has provided some optimism. However, analysts warn that the benefits may be limited, and overall trade growth could remain modest.
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China's Exports Rise Amid U.S. Tariff Reductions, U.S. Shipments Decline

China's Exports Rise Amid U.S. Tariff Reductions, U.S. Shipments Decline

China's exports experienced a 5.9% growth in November, reversing a previous contraction, while exports to the United States fell by nearly 29% compared to the previous year. This marks the eighth consecutive month of double-digit declines in shipments to the U.S. The overall increase in exports was driven by a surge in shipments to regions such as Southeast Asia, Latin America, Africa, and the European Union. The trade surplus for China reached a record high of nearly $1.08 trillion for the first 11 months of the year. A trade truce between the U.S. and China, agreed upon by President Trump and Chinese leader Xi Jinping, has led to reduced tariffs and a promise from China to halt export controls on rare earths.
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China's trade surplus tops $1 trillion as its exports surge

China's trade surplus tops $1 trillion as its exports surge

China's exports returned to growth in November after an unexpected contraction in October, pushing its trade surplus for 2025 past the $1 trillion mark for the first time
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China's Export Growth in November Highlights Trade Surplus Amid US Shipment Decline

China's Export Growth in November Highlights Trade Surplus Amid US Shipment Decline

China's exports experienced a rebound in November, growing by 5.9% compared to the previous year, despite a significant 29% drop in shipments to the United States. This growth comes after an unexpected contraction in October. The overall trade surplus for China in the first 11 months of the year reached a record high of $1.08 trillion, surpassing the previous year's total. The increase in exports is attributed to a rise in shipments to regions such as Southeast Asia, Africa, Latin America, and the European Union. This development follows a trade truce between the United States and China, where the US reduced tariffs and China agreed to halt export controls on rare earths. Despite the positive export figures, China's factory activity continued to contract for the eighth consecutive month, indicating ongoing challenges in the manufacturing sector.
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China's November exports top expectations, imports underperform

China's November exports top expectations, imports underperform

BEIJING, Dec 8 (Reuters) - China's exports topped forecasts in November, buoyed by a boost from a tariff truce with the U.S. even as weak factory activity and vanishing returns from front-loading point to a challenging 2026.
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China's Exports Surge in November Amid U.S. Trade Truce, Impacting Global Trade Dynamics

China's Exports Surge in November Amid U.S. Trade Truce, Impacting Global Trade Dynamics

China's exports experienced a significant rebound in November, surpassing market expectations, following a trade truce with the United States. According to China's customs data, exports increased by 5.9% in U.S. dollar terms compared to the previous year, marking a recovery from a 1.1% decline in October. This growth was driven by increased shipments to non-U.S. markets, particularly the European Union and the Association of Southeast Asian Nations. Despite the truce, exports to the U.S. continued to decline, falling by 28.6% in November, marking the eighth consecutive month of double-digit decreases. The trade agreement, reached between Chinese leader Xi Jinping and the U.S. President in October, included a temporary halt on restrictive measures and a commitment from Beijing to purchase more American soybeans and collaborate on reducing fentanyl flows. The U.S. tariffs on Chinese goods remain at approximately 47.5%, while China's tariffs on U.S. imports are around 32%.
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China funnelled $80 billion into overseas cleantech in past year, report says

China funnelled $80 billion into overseas cleantech in past year, report says

By Colleen Howe BEIJING, Dec 8 (Reuters) - Chinese firms have committed some $80 billion in clean technology investments overseas over the past year as they sought new markets to absorb a supply glut, according to a report by Australian research group Climate Energy Finance (CEF).
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China Achieves Historic $1 Trillion Trade Surplus Amid Global Diversification

China Achieves Historic $1 Trillion Trade Surplus Amid Global Diversification

China's trade surplus has surpassed $1 trillion for the first time, driven by a rebound in exports and diversification into non-U.S. markets. Despite a significant drop in exports to the U.S., China has increased its trade with Southeast Asia, Africa, Europe, and Latin America. The surplus is attributed to China's focus on advanced manufacturing and high-growth sectors like electric vehicles and robotics. The U.S.-China trade truce has temporarily eased tensions, but China's strategy to expand its global market share continues.
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China Invests $80 Billion in Overseas Clean Technology Amid U.S. Tariffs

China Invests $80 Billion in Overseas Clean Technology Amid U.S. Tariffs

Chinese firms have invested approximately $80 billion in overseas clean technology over the past year, according to a report by Climate Energy Finance. This investment surge is driven by a need to address a supply glut in green technology products like solar panels and batteries. The report highlights that many countries have increased their cooperation with China in response to U.S. tariffs imposed by President Trump. China's foreign investments in clean energy infrastructure are creating new markets for its products, with significant projects in regions such as Southeast Asia, the Middle East, and Africa. Notable projects include a green hydrogen initiative in Nigeria and a battery factory in Indonesia.