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IMF urges China to address economic imbalances as trade surplus hits $1 trillion

IMF urges China to address economic imbalances as trade surplus hits $1 trillion

The head of the International Monetary Fund has urged China to fix its economic imbalances, echoing longstanding calls for the world's second-largest economy to rely more on domestic spending and investment instead of exports

IMF Urges China to Shift Economic Focus to Domestic Consumption Amid Global Trade Tensions

IMF Urges China to Shift Economic Focus to Domestic Consumption Amid Global Trade Tensions

The International Monetary Fund (IMF) has called on China to accelerate its transition from an export-driven economy to one that is more reliant on domestic consumption. This recommendation comes as the IMF upgraded China's growth forecast for 2025 to 5% and for 2026 to 4.5%, citing strong exports and domestic stimulus. IMF Managing Director Kristalina Georgieva emphasized the need for China to reduce its dependence on exports to avoid exacerbating global trade tensions. The IMF's advice is set against a backdrop of increasing trade tensions between China and other major economies, including the United States and Europe. China's trade surplus has reached a record high, and its consumer spending remains subdued due to a real estate slump affecting household sentiment.

IMF's Georgieva Calls for China to Reduce Export Reliance to Avoid Global Trade Tensions

IMF's Georgieva Calls for China to Reduce Export Reliance to Avoid Global Trade Tensions

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has urged China to accelerate its shift from an export-driven growth model to one that relies more on domestic consumption. Speaking in Beijing, Georgieva emphasized that as the world's second-largest economy, China's continued dependence on exports could exacerbate global trade tensions. She highlighted the need for China to implement its long-standing plan to boost domestic consumption, which would benefit both China and the global economy. The IMF has also raised its forecast for China's economic growth next year to 4.5%, citing domestic stimulus and lower-than-expected tariffs. Georgieva's comments come amid heightened trade tensions between China and the U.S., as well as concerns from Europe and Mexico over the influx of Chinese goods.

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.

Chinese Premier Highlights Economic Impact of US Tariffs Amid Surplus Growth

Chinese Premier Highlights Economic Impact of US Tariffs Amid Surplus Growth

Chinese Premier Li Qiang has expressed concerns over the negative impact of higher tariffs on the global economy, as China's trade surplus surpasses $1 trillion. Speaking at a forum in Beijing attended by representatives from the International Monetary Fund, World Bank, and World Trade Organization, Li emphasized the damaging effects of tariffs, which have been increasingly imposed worldwide. Although President Trump's tariffs have reduced Chinese exports to the U.S., China has compensated with increased exports to other markets. Despite a 29% drop in exports to the U.S. in November, China's overall exports rose by 5.9% compared to the previous year. The trade friction between China and the U.S. has eased following a meeting between Trump and Chinese President Xi Jinping, where both sides agreed to extend a truce in retaliatory measures.

IMF urges China to speed up structural reform, raises growth forecasts

IMF urges China to speed up structural reform, raises growth forecasts

BEIJING, Dec 10 (Reuters) - The International Monetary Fund on Wednesday urged China to speed up structural reform, as global pressure mounts on the world's second-largest economy to shift to a consumption-led growth model and rein in debt-driven investment and exports.

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.

Chinese premier cites damage from US tariffs, as China's surplus surpasses $1 trillion

Chinese premier cites damage from US tariffs, as China's surplus surpasses $1 trillion

China's premier says higher tariffs have dealt a “severe blow” to the world economy, even as China's own trade surplus has surged past $1 trillion

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.

China's Trade Surplus Surpasses $1 Trillion, Challenging U.S. Tariff Effectiveness

China's Trade Surplus Surpasses $1 Trillion, Challenging U.S. Tariff Effectiveness

China's trade surplus with the world has exceeded $1 trillion for the first time, raising questions about the effectiveness of tariffs imposed by developed countries, particularly those by President Trump. According to China's General Administration of Customs, exports increased by 5.4% in the first 11 months of the year compared to the previous year, while imports slightly decreased. This resulted in a global trade surplus of $1.07 trillion, surpassing the $990 billion recorded in 2024. Despite a 28% drop in exports to the U.S. in November, China's exports to Southeast Asia and the European Union have grown significantly. The increase in exports to Southeast Asia is partly attributed to 'transshipping,' where goods are assembled in Southeast Asia before being shipped to the U.S. French President Emmanuel Macron has threatened tariffs if China does not address its trade surplus with the EU.

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

China's Li criticises tariffs as record trade surplus irks export markets

China's Li criticises tariffs as record trade surplus irks export markets

By Joe Cash BEIJING, Dec 9 (Reuters) - China's Premier Li Qiang on Tuesday urged trading partners to reject rising protectionism, a day after the world's second-largest economy posted a record $1 trillion trade surplus driven by a rush of exports to non-U.S. markets.