China Posts Record $1.2 Trillion Trade Surplus in 2025 Amid Export Diversification

China reported a record trade surplus of nearly $1.2 trillion in 2025, driven by strong export growth despite a significant decline in shipments to the US amid ongoing tariff tensions. Exports rose 5.5-6.6% year-on-year, supported by increased demand from Southeast Asia, Africa, Latin America, and Europe. Imports grew modestly, reflecting weak domestic consumption and a prolonged property slump. Policymakers' efforts to diversify markets helped offset US trade barriers, though concerns remain about global trade imbalances and China's economic reliance on exports.