The difference between Chinese exports and imports is set to reach almost $1 trillion if it continues to widen at the same pace as it has in the year to date, according to Bloomberg calculations. The goods trade surplus soared to $785 billion in the first 10 months, according to data released last week, the highest on record for that period and an increase of almost 16% from 2023.
“With Chinese export prices still falling, export volume growth was enormous,” Brad Setser, senior fellow at the Council on Foreign Relations, said on X. “The overall story is of an economy that is again growing off exports.”
