China's $1.19T Trade Surplus Signals Shifting Global Trade
China's record trade surplus grows 20% as exports rise outside the US amid modest reserve gains.
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China's record trade surplus grows 20% as exports rise outside the US amid modest reserve gains.
China’s growing exports deepen global supply chain reliance, challenging US efforts to diversify manufacturing.
China’s foreign exchange reserves grew slowly, reflecting shifting capital flows and reduced US dollar inflows.
China's export growth to emerging markets offsets declining US demand, highlighting its trade resilience.
China posts a $1.18T surplus, UK GDP beats forecasts, and Kashkari flags Fed political risk.
ONS data showed November GDP up 0.3% after October’s drop, partly reversing one-off weakness from a Jaguar Land Rover cyberattack.
As scrutiny rises ahead of a Fed leadership transition, Kashkari argues independence is vital to monetary policy credibility.
US-bound shipments fell sharply, but rising exports to EU and ASEAN kept China’s 2025 surplus at $1.18T.
CPI held at 2.7% as necessities rose, widening spending splits while China surpluses stoked tariff risks.
Carney’s Beijing trip targets easing China’s counter-tariffs while EV tariffs and USMCA review constrain concessions.