China reports record exports in 2024 despite looming US tariffs

China's exports reached a record high in 2024, totaling 25.45 trillion yuan ($3.47 trillion), a 7.1% increase from the previous year. This growth occurred despite challenges in domestic consumption and the property sector. Imports also rose to 18.39 trillion yuan, up 2.3% year-on-year. Overall trade increased by 5%, reaching a total of 43.85 trillion yuan. The surge in exports comes as U.S. president-elect Donald Trump prepares to impose new tariffs on China, following his previous term's significant tariffs.