The goods trade surplus soared to $785 billion in the first 10 months, the highest on record for that period and an increase of almost 16% from 2023.
'With Chinese export prices still falling, export volume growth was enormous,' Brad Setser, senior fellow at the Council on Foreign Relations, said on X.
The increasingly lopsided picture has generated pushback from a growing number of countries, with the new Trump administration likely to impose tariffs against Chinese exports.
Foreign companies are also pulling money from China, with foreign direct investment liabilities dropping in the first nine months of the year.
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