China’s trade surplus hit almost a trillion dollars in 2024, driven by record exports of $3.6 trillion, according to official data. The surplus, which is equivalent to 992.2 billion in US dollars, has sparked concerns about a new wave of global trade tensions,

More than two-thirds of senior economists expect a US-China trade war, with the next 12 months marked by increasing tariffs and tensions, according to a World Economic Forum survey.

China just dropped a $1 trillion bombshell on the global economy. That’s the size of its trade surplus last year, a jaw-dropping number that has everyone from Washington to Jakarta clutching their spreadsheets.

China might not be able to rely on trade to steer it out of trouble as blistering tariffs being considered by US President-elect Donald Trump threaten an already struggling economy. The specific trade imposts Trump intends to levy against China are not yet clear but the country's export surge last year "will ignite further fury among US trade hawks",