China’s Impressive Trade Surplus Reflects Surging Exports to US and EU

In recent data released by China’s customs administration, it was revealed that the country’s exports experienced a substantial 36.3% surge year-on-year in September. This surge not only surpassed expectations but also hints at a potentially record-breaking annual trade surplus. Despite a 31% increase in imports during September, China managed to maintain a vast trade surplus of US$133.5 billion, the largest monthly figure since January 2025. By the end of September, China had already accumulated a trade surplus of US$938.1 billion, setting the trajectory for surpassing last year’s record surplus of US$1.2 trillion. With domestic demand remaining lackluster, China has leaned…