China posts record $1 trillion trade surplus

China achieved a record $1 trillion trade surplus for the first time ever, driven by a rebound in November exports. November exports rose 5.9% year-on-year, exceeding estimates, while imports grew nearly 2%. Shipments to the U.S. dropped significantly, but China is diversifying export markets. This record surplus comes amid a trade truce with the U.S. and China's focus on advanced manufacturing and boosting domestic consumption for future economic stability.