China’s export surge gives Beijing apparent advantage before US summit
China’s exports rose 25 per cent year on year last month, while its trade surplus reached US$119 billion, according to the South China Morning Post. The figures suggest Beijing has gained strength from the tariff shock ahead of President Xi Jinping’s summit with US President Donald Trump in Washington.
China appears to have entered an expected summit with the United States from a position of strength in financial markets, according to the South China Morning Post. The newspaper said Chinese President Xi Jinping was arriving in Washington for a summit with US President Donald Trump. Against that backdrop, it reported that China’s exports rose 25 per cent in annualised terms last month.
The increase helped push China’s trade surplus to US$119 billion. The figure puts the country on course to exceed last year’s record surplus of US$1.2 trillion, the report said. China’s surplus with the United States also increased.
It rose 44 per cent to US$29 billion, described in the source as the widest gap since Trump returned to office. The figures were presented as evidence that China had emerged stronger from the tariff shock. The supplied material does not specify the measures behind that shock, explain how the United States performed over the same period or provide details of the leaders’ summit beyond its location and participants.
The reported trade data nevertheless point to a widening imbalance in China’s favour ahead of the meeting, with exports and the bilateral surplus both recording substantial increases.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.