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China annual trade surplus nearly $1tn ahead of Trump inauguration
Hindustan Times
|January 14, 2025
{DRIVEN BY EXPORT SURGE} BUT UNCERTAINTIES AHEAD?
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China's trade surplus soared to a record last year, driven by strong exports that boosted the economy but may soon be threatened by the incoming Trump administration.
The surplus jumped to an unprecedented $992 billion in 2024, according to a statement from the customs administration on Monday, 21% higher than the previous year. That was the result of record exports but also the continued weakness of imports, which have been dragged down by sluggish domestic consumption and falling commodity prices.
Dit verhaal komt uit de January 14, 2025-editie van Hindustan Times.
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