
China recorded a historic trade surplus of nearly $1.2 trillion in 2025, despite ongoing US tariffs and trade tensions. While exports to the US fell by about 20%, shipments to Southeast Asia, Africa, Europe, and Latin America surged, offsetting declines. Imports grew moderately, reflecting robust demand. The surplus highlights China's manufacturing strength amid weak domestic consumption and a property slump. Meanwhile, India’s exports to China rose 9.7% to $19.75 billion, but the bilateral trade deficit hit a record $116 billion. Analysts note concerns over global trade imbalances and geopolitical tensions.
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