The trade surplus of China, the world’s second largest economy, has reached a record 1.19 trillion dollars (about ₹ 100 lakh crore). This is 20% more than 2024. Even after adjusting for inflation, this is the largest trade surplus ever recorded by any country in the world. According to data from the General Administration of Customs of China, in the month of December alone, China earned a surplus of $ 114.14 billion (about Rs 10.31 lakh crore). This was the third most successful month in the history of China. The difference between exports and imports is called trade surplus. Chinese goods reaching America through other countries. US President Donald Trump had imposed 30% tariff on China. This reduced China’s direct trade with America, but Chinese companies found a solution to this. Chinese factories routed goods to the US via Southeast Asia and other regions. China is continuously reducing the import of foreign goods. The Chinese government is following the policy of ‘self-reliance’, the aim of which is to promote domestic production. This self-reliance has also been emphasized in the five-year economic plan till 2030 announced in October. China has never faced a trade deficit since 1993. Weak currency and domestic recession increased exports. China’s currency ‘Renminbi’ is currently in a very weak position. This has made Chinese goods cheaper for foreign buyers, while it has become expensive for China to import goods from outside. Apart from this, the huge decline in China’s real estate market has wiped out the savings of ordinary families there. People are no longer able to buy foreign goods like cars and cosmetics. Due to low domestic demand, goods manufactured in factories are now being exported in large quantities. IMF said – China can no longer depend on exports. International Monetary Fund (IMF) MD Kristalina Georgieva had warned in Beijing last month. It was said that China has now become so big that it cannot increase its GDP on the basis of exports alone. He advised that China should strengthen its currency and focus on increasing domestic consumption. If China does not do this, a trade war situation may arise around the world. What is trade surplus? In simple words, when a country earns more money by selling goods to other countries (exports) and spends less on importing goods from there (imports), then it is called ‘trade surplus’. China’s surplus of $1.19 trillion means that it has earned about ₹100 lakh crore more than the world. China is far ahead of Japan and Germany. China’s current surplus is greater than other major records in history. Japan’s surplus in 1993 was $214 billion in today’s terms. Germany’s record in 2017 was $364 billion. China has gone 3 to 5 times ahead of them. Also read this news… Wholesale inflation highest in 8 months: Due to cost of food items, it reached 0.83% in December, it was at minus 0.32% in November. Wholesale inflation (WPI) has increased to 0.83% in December. This is the high level of 8 months. Inflation has increased due to food items becoming expensive. Earlier in November it was at minus 0.32%. Whereas in October it had come down to minus 1.21%. Commerce Ministry has released wholesale inflation figures today i.e. on 14th December. Read the full news…
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China’s trade surplus crosses $1.19 trillion for the first time: It increased by 20% compared to exports in 2024; Trump’s tariff was also ineffective
