China's trade surplus surpasses $US1 trillion for second straight year

Résumé détaillé

Chinese exports surged 35 per cent last month, with the country on track to surpass the $US1.2 trillion trade surplus it achieved last year.

China is on track to surpass its record $US1.2 trillion ($1.7 trillion) trade surplus, with new data showing it surpassed $US1 trillion in the 10 months to October.

Exports jumped 35.2 per cent year-on-year to $US412.3 billion last month.

China's trade surplus ballooned to more than $US1 trillion ($1.4 trillion) in the 10 months to October, official data shows, with the country reaching the milestone even earlier than 2025's record-breaking sum.

The figures come ahead of talks between China President Xi Jinping and his US counterpart Donald Trump at the Asia-Pacific Economic Cooperation (APEC) summit in China next week, when trade tensions will likely loom large.

Exports from the world's second-largest economy have surged in recent months, driven in part by soaring global demand for AI-related products including computer chips, data centre servers and networking equipment.

The trade boom has offered Beijing a key economic lifeline as domestic activity is weighed down by longstanding woes in the once-roaring property sector.

Exports jumped 35.2 per cent year-on-year to $US412.3 billion last month, according to the General Administration of Customs (GAC), while imports expanded 41.6 per cent to $US307.1 billion.

The figures brought China's total trade surplus during the first 10 months to a towering $US1.04 trillion, according to the GAC.

"Exporters have been the key driving force behind China's economy this year," Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, wrote.

Début de l'article, extrait de ABC Business. Pour lire la suite, ouvrez l'article chez le média.