
China recorded a historic trade surplus of around $1.2 trillion in 2025, despite US tariffs and a 20% drop in exports to the US. This growth was driven by increased exports to regions like ASEAN, the EU, Africa, India, and Latin America, supported by sectors such as green technology and AI. The surplus has fueled significant private overseas investments, raising concerns about global economic imbalances and China's reliance on export-led growth amid domestic challenges.
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