1/6 China’s exports in November rose 5.9% year on year, leading to a $111.7 monthly trade surplus. A few years ago, a monthly trade surplus of over $100 billion would have seemed almost inconceivable, but so far this year it has happened six times https://www.bloomberg.com/news/articles/2025-12-08/china-exports-return-to-growth-as-trade-surplus-tops-1-trillion?srnd=phx-economics-v2