China sees record $1.19 trillion trade surplus in 2025 in spite of US tariffs
China's customs administration unveiled its latest trade data this Wednesday and announced that the country saw a record trade surplus last year, topping $1.19 trillion, which is about 20 percent higher than in 2024. Exports continued to surge, showing the Chinese economy's reliance on supplying external markets as domestic consumption fails to pick up. Also in this edition, iconic New York department store brand Saks Global files for bankruptcy.
China's customs administration unveiled its latest trade data this Wednesday and announced that the country saw a record trade surplus last year, topping $1.19 trillion, which is about 20 percent higher than in 2024. Exports continued to surge, showing the Chinese economy's reliance on supplying external markets as domestic consumption fails to pick up. Also in this edition, iconic New York department store brand Saks Global files for bankruptcy.
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