China's trade surplus this year has once again surpassed the 1 trillion US dollars mark, exceeding last year's record of 992 billion US dollars. In the context of the global economy, this figure is also quite incredible.
China's trade surplus breaks the 'trillion' mark! Even toy cars are quietly contributing.
According to official data, in the first 11 months of this year, China's overall exports increased by 5.4% year-on-year, while imports decreased by 0.6%, resulting in a trade surplus of 1.07 trillion US dollars, surpassing the level of the same period last year.
In November, China's exports in US dollars increased by 5.9% year-on-year, reaching 330.35 billion US dollars. This data shows improvement compared to the 1.1% decrease in October and exceeded the 3% increase predicted by financial data provider Wind.
In November, China's import value in U.S. dollars increased by 1.9% year-on-year, reaching $218.67 billion, higher than the 1% increase in October. In the same month, China's trade surplus was $1116.8 billion.
A closer look at this report card reveals some interesting details. Although exports to the U.S. have declined for eight consecutive months, falling by 28.6% year-on-year in November, other markets are 'on fire.' Demand for Chinese goods in Africa and the European Union surged by 27% and 15%, respectively, while the Southeast Asian market, led by Vietnam, also saw an 8% increase, 'the typical East is bright while the West is not.'
In addition, the unexpected categories of export growth are also a major highlight. The Eurasian Group stated that, in terms of export categories, China's motor and semiconductor products have seen the strongest growth.
In fact, China's dominant position in the low-end chip sector is becoming a new growth engine. In recent years, global demand for AI chips has surged, squeezing the supply of low-end chips, but it has provided Chinese companies with an unexpected opportunity window. An insider in the electronics industry said: 'The current situation is that even making toy cars requires chips.'
China's trade surplus exceeds 'one trillion'! Even toy cars are quietly contributing.
However, the balance of trade never permanently tilts to one side. While export data looks impressive, China's imports have shown slight fatigue—falling by 0.6% year-on-year in the first 11 months. This reflects that the domestic consumption market has not fully 'heated up,' household spending remains cautious, and the internal demand engine still needs more fuel.
Economists generally believe that next year China may introduce more consumer stimulus policies, such as expanding the scope of subsidies, reducing taxes and fees, etc., to truly 'activate' the domestic market.
Overall, the resilience of China's export growth still exists, and in the short term, China's manufacturing advantages are difficult to shake. However, this also reflects another issue: the recovery of domestic demand is still a 'protracted battle'. How to balance internal and external factors and activate the market in the future will be the key point of interest.#ETH走势分析 #加密市场观察 #美联储重启降息步伐 #
