China Trade Surplus Widens To 5 Year High

China posted its biggest trade surplus in almost five years on Sunday, as soaring exports ran ahead of modest import growth, potentially resurrecting a source of friction with the U.S.

In November, China’s trade surplus rose to $33.8 billion from $31.1 billion the month before. Exports staged a rebound, rising 12.7% from November last year, well ahead of October’s 5.6% growth. That is a positive sign for the global economy as well as China, experts said.

But imports grew a more modest 5.3% year-over-year, aggravating China’s overall trade surplus and bringing the imbalance with the U.S. to $22.4 billion for November. A persistent trade surplus has been a source of contention between Beijing and Washington and has fed China’s accumulation of a $3.66 trillion trove of foreign-exchange reserves as of the end of the third quarter.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu