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China’s trade surplus is surging:
China’s overall goods trade surplus has reached a record $1.2 trillion over the last 12 months.
Their positive trade balance has DOUBLED over the last 5 years.
This comes as China’s exports have significantly rebounded, excluding the US.
时政
(
twitter.com
)
China’s trade surplus is surging:
China’s overall goods trade surplus has reached a record $1.2 trillion over the last 12 months.
Their positive trade balance has DOUBLED over the last 5 years.
This comes as China’s exports have significantly rebounded, excluding the US.
Cumulative 12-month exports to the world, excluding the US, have increased by +$400 billion, to a record ~$3.2 trillion, over the last 18 months.
Additionally, China’s cumulative 12-month manufacturing surplus hit a record $2 trillion, well above the largest surpluses historically seen in Germany and Japan.
China is expanding global trade amid US tariffs.
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FLASHBACK: Former USTR Robert Lighthizer recommends the Select Committee remove China’s permanent normal trade relation status.
“When I talk to someone who studied it and doesn’t believe [China] is a serious threat, I’m like: ‘Oh, you must have some investments over there.’”
时政
(
twitter.com)