China’s trade surplus tops $1 trn as exports rebound

CHINA'S ANNUAL TRADE sur- plus exceeded $1 trillion for the first time despite a deepening plunge in shipments to the US, risking a backlash from mar- kets flooded by goods from the world’s biggest manufacturing nation.

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Exports returned to growth in November after an unexpected drop the previous month, rising 5.9% from a year earlier and far outpacing a 1.9% gain in imports, according to data published by China’s General Administration of Customs on Monday.