China’s trade surplus reached $1.04 trillion from January to October 2026, surpassing the $1 trillion mark for the second consecutive year, as strong exports helped offset weak domestic demand and a prolonged property market slump.
According to Chinese customs data, exports rose by 35.2% in October compared with the same month last year, slightly slower than the 36.3% growth recorded in September.
The surge in exports was largely driven by growing global demand for high-tech products amid the worldwide expansion of artificial intelligence (AI) infrastructure.
Meanwhile, China’s imports also increased by 41.6% in October, accelerating from the 31% growth recorded in the previous month.
Despite the strong trade performance, domestic consumer spending remains subdued amid the property market downturn, leaving China increasingly reliant on overseas demand to support its economy.
The growing trade surplus is also expected to heighten trade tensions with major partners, including the United States and the European Union.
(Photo Courtesy: Reuters)
