China’s Trade Surplus Passes $1 Trillion at Record Pace
What happened
China's trade surplus topped $1 trillion in the first 10 months of the year, reaching the milestone a month earlier than last year, customs data showed on Tuesday.
The 10-month surplus stood at $1.04 trillion, driven by a 35.2% jump in October exports from a year earlier, ahead of the 33.5% economists expected.
Global spending on AI infrastructure lifted sales of Chinese high-tech products and offset weak consumer demand at home, according to the reports.
Imports also climbed 41.6% in October, the fastest since May 2021, which pulled the monthly surplus growth to a six-month low.
The EU, which has agreed with Beijing to cap Chinese hybrid vehicle exports, has faced calls from its leaders for more curbs on trade with China.
Xi Jinping and Donald Trump are expected to meet next week at the APEC summit in Shenzhen, a day after their countries extended their trade truce by two months.
“The risk of additional tariffs and other trade barriers will remain elevated in 2027, particularly as Chinese manufacturers continue expanding their presence in overseas markets”
Straits Times
Summary written by AI from 3 independent sources (Straits Times, CNBC, CNA) and checked automatically against them for copied text and numbers that are not in the sources. How we work
Open on the live globe →Who reported it
- 2026-11-10 03:11 UTCNYT · nytimes.com ↗
- 2026-11-10 03:53 UTCStraits Times · straitstimes.com ↗
- 2026-11-10 03:56 UTCCNBC · cnbc.com ↗
- 2026-11-10 04:08 UTCCNA · channelnewsasia.com ↗
- 2026-11-10 05:06 UTCThe Hindu · thehindu.com ↗
- 2026-11-10 06:44 UTCIOL · iol.co.za ↗
- 2026-11-10 07:16 UTCJapan Times same text as Straits Times · japantimes.co.jp ↗
- 2026-11-11 00:57 UTCABC · abc.net.au ↗
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