China’s annual trade surplus, the difference between money spent on imports and money earned from exports, has exceeded $1 trillion for the first time, despite a trade war initiated by U.S. President Trump.
China, the world’s second-biggest economy, remains mostly unscathed from the standoff with the United States, delivering more goods to markets other than theirs – a case in point being exports to Africa which surged almost 28% in November.
The export dominance of China is creating resentment around the world, with countries such as France threatening to impose its own tariffs on China if it does not do something to rectify the imbalance.
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