China hits $1 trillion trade surplus milestone for second year in a row

Representative image China’s trade surplus crossed $1 trillion in the first 10 months of the year, as strong global demand for high-tech products, fuelled by the race to build artificial intelligence (AI) infrastructure, helped offset weak domestic consumption. The surplus reached $1.04 trillion between January and October, according to customs data released on Tuesday. China has now recorded a trade surplus of more than $1 trillion for a second consecutive year, reaching the milestone a month earlier than in 2025. Exports rose 35.2% in October from a year earlier in US dollar terms, slightly below September’s 36.3% increase but higher…