Under U.S. sanctions, China's overall goods trade surplus reached a record-breaking $1.1 trillion in the first 11 months before 2025, a year-on-year increase of 21%.

The data for these 11 months has already surpassed last year's full-year record of $990 billion, and since 2019, China's trade surplus has nearly tripled.

Looking only at November, exports grew by 5.9% year-on-year, far exceeding the 1.9% increase in imports, with a trade surplus of $112 billion, the third highest in history.

Of course, U.S. sanctions are effective, with exports to the U.S. declining by 29% year-on-year, marking the largest drop since August, and experiencing double-digit declines for the eighth consecutive month.

However, China still achieved significant growth in its trade surplus, largely thanks to support from non-U.S. partners. China has significantly increased exports to the EU, Africa, and other emerging markets, compensating for the decline in exports to the U.S.

Originally, the whole world admired the strong, and now China is the 'great power', the kind that cannot be contained. 🫡