BEIJING : China’s exports rebounded in November after an unexpected decline the previous month, pushing the country’s annual trade surplus past a record $1 trillion.
Exports rose 5.9% from a year earlier, beating the 4% median forecast in a Bloomberg survey, while imports increased just 1.9%. That left a monthly surplus of $112 billion.
The milestone follows a recent easing in tensions with the Trump administration and is likely to heighten scrutiny from trading partners facing pressure from an influx of cheaper Chinese goods. It also underscores the difficulty Beijing faces in rebalancing its economy, with net exports contributing nearly one-third of China’s economic growth this year.
In November, China's exports rose by 5.9%, exceeding forecasts and driving the annual trade surplus to a record $1 trillion. This development, amid easing tensions with the U.S., may increase scrutiny from global trading partners concerned about the influx of cheaper Chinese goods.