China's trade surplus hits record $1.2 trillion despite Trump tariffs
HONG KONG: China closed 2025 with its largest trade surplus on record, underscoring how exports to the rest of the world have cushioned the impact of sharply reduced shipments to the United States amid renewed trade tensions under President Donald Trump.
The surplus surged nearly 20 percent to almost US$1.2 trillion last year, according to data released Wednesday by the government, even as higher U.S. tari