China reports record exports in 2024 despite looming tariff threats from US president-elect

China's exports reached a record 25.45 trillion yuan (£3.47 trillion) in 2024, a 7.1% increase from 2023. This surge occurred amid threats from US President-elect Donald Trump to impose higher tariffs on Chinese goods. Imports also rose by 2.3% to 18.39 trillion yuan, contributing to a total trade growth of 5% to 43.85 trillion yuan. December exports alone jumped 10.7% year-on-year, exceeding forecasts. Prior to 2024, China's exports had weakened due to an economic slowdown. The recent increase may be linked to companies stockpiling goods in anticipation of potential tariffs under Trump's administration.