Why China needs to look within

Synopsis China’s trade surplus should start stabilising next year over restrictions and plateauing AI investment. Beijing will have to double down on stimulating domestic consumption to take up the slack from an eventual export slowdown. It has the fiscal firepower to provide consumers income support they need to counteract savings lost in the property market. Listen to this article in summarized format China reached a $1 tn trade surplus this year, a month earlier than in 2025. Chinese hi-tech exports are feeding the global race to build AI infrastructure, and demand is expected to be strong despite volatile equity markets….