China’s huge trade surplus brings limited boost to forex reserves

China’s trade surplus surged to a record in 2025, even as United States President Donald Trump launched a new round of tariff wars against the country last April.  China’s total exports rose 5.5% year-on-year to US$3.77 trillion in 2025, while imports were flat at US$2.58 trillion, according to the General Administration of Customs. The trade surplus surged
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