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China posted an unprecedented $1 trillion trade surplus in the first 11 months of the year, brushing aside steep tariffs imposed by US President Donald Trump and highlighting deep global appetite for low-cost Chinese goods. The record surplus comes a year after Chinese manufacturers rushed to ship goods abroad after Trump’s election victory, in predicting…
The head of the International Monetary Fund is urging China to confront its economic imbalances, cautioning that an economy of its size can no longer rely on exports as its main growth engine.Although China’s shipments to the US have weakened amid steep tariffs introduced under President Donald Trump, its overall exports to global markets have…
China ended November with a historic milestone, recording an annual trade surplus of more than $1 trillion for the first time. Official figures released on Monday show that booming exports to markets outside the United States more than compensated for shrinking US demand.The breakthrough came only weeks after Presidents Xi Jinping and Donald Trump negotiated…
The global oil market is tilting towards oversupply as production growth continues to outpace consumption despite a rise in Chinese demand, according to the International Energy Agency’s (IEA) latest monthly report released on Thursday. The IEA projected that worldwide oil production will exceed demand by more than four million barrels per day (bpd) in 2026,…
