China's Trade Surplus Hits Record $1 Trillion as Exports Rebound

• China's trade surplus surpassed $1 trillion, with November exports rebounding 5.9% and imports rising 1.9%, leading to a $112 billion monthly surplus.
• Despite a 29% drop in shipments to the US, strong export growth to regions like the EU (up almost 15%), Latin America, and Africa offset the decline.
• The record surplus highlights China's dependence on foreign demand, with net exports accounting for nearly a third of this year's economic growth.
• This historic trade surplus is expected to boost GDP growth, helping China likely achieve its official 2025 growth target of around 5%.

Why It Matters: China's $1T trade surplus intensifies global trade scrutiny and rebalancing needs.