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Articles for tag: Chinas, hit, record, Surplus, Trade, trillion

January 14, 2026

News Desk

China’s trade surplus to hit record $1.2 trillion in 2025

how is a cargo ship and containers at Lianyungang Port in Jiangsu, China. — Reuters/File China’s trade in 2025 “surpassed ¥45tr ($6.4tr) for the first time. Exports to the European Union also increased by 8.4% with imports decreasing. Beijing’s exports to the US fell by 20% year-on-year, imports by 14.6%. BEIJING: China reported strong trade numbers for 2025 on Wednesday as its surplus widened year-on-year to $1.2 trillion, despite a drop in exports to the United States after President Donald Trump raised tariffs. Last year’s bruising trade war between Washington and Beijing — which at one point saw mutual tariffs

December 29, 2025

News Desk

China’s ancient opera finds a youthful heartbeat

From pre-dawn drills to subsidized stadiums, a new generation is saving six-century-old Kunqu from the brink NANCHANG: Centuries-old Kunqu opera is finding fresh energy in eastern China, where a new generation of performers embraces the demanding art form with discipline and heart, determined to keep a 600-year-old tradition alive on the modern stage. For 22-year-old student Zou Yu at Fuzhou Vocational Technical College in Jiangxi province, the day begins at 5am, followed by eight uninterrupted hours of training covering basic skills, body movement, singing practice and disciplined stage rehearsals. Her commitment comes at a price. Three years ago she fell

December 8, 2025

News Desk

China’s trade surplus surpasses $1 trillion despite plunge in US-bound exports

An aerial view shows stacked containers at the Shanghai Port Container Terminal in Shanghai on December 8, 2025. — AFP BEIJING: China’s towering annual trade surplus topped $1 trillion for the first time last month, data showed on Monday, as a sharp drop in shipments to the United States was offset by a rise in exports to other major markets. Presidents Xi Jinping and Donald Trump reached a tentative truce in their fierce trade war when they met in late October, agreeing a pause in painful measures that included steep tariffs. Exports have served as a key economic lifeline for

December 3, 2025

News Desk

Hanfu fever sweeps China’s tourism trail

Foreign visitors are embracing traditional dress as social media fuels the cultural wave BEIJING: With the number of foreign tourists increasing across China, the sight of international visitors dressed in Hanfu, a form of traditional Chinese clothing, in scenic locations has become an increasingly striking cultural moment. In the moat of Beijing’s Forbidden City—the 600-year-old complex that once served as an imperial palace—Jessica Savano, a travel content creator from the United States, donned a palm crown, carried a round silk fan and posed in richly embroidered attire against red walls and yellow tiles. “This is a must do if you

November 24, 2025

News Desk

Deepening CPEC-II cooperation under China’s new five-year plan

Pakistan set to benefit from joint ventures in EV components, solar equipment and AI skill development The Shanghai Auto Show opens with a bold message as China leads the global EV race. PHOTO: AUTO SHOW SHANGHAI KARACHI: China’s economy is showing unmistakable signs of slowing down in 2025, and the ripple effects are being felt across Asia. Third-quarter GDP growth fell to 4.8 percent from 5.2 percent in the previous quarter, the weakest pace in a year. Much of the resistance comes from persistent structural weaknesses, particularly in the real estate market. Property investment fell 13.9% year-on-year since September, while

October 30, 2025

News Desk

Trump seeks trade war truce with China’s Xi in key talks with South Korea

U.S. President Donald Trump shakes hands with Chinese President Xi Jinping as they hold a bilateral meeting at Gimhae International Airport on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Busan, South Korea, October 30, 2025. — Reuters Both sides escalated trade threats for leverage. The fentanyl issue is a key issue for Trump in the talks. Taiwan tensions dominate US-China talks. US President Donald Trump began a meeting with Chinese leader Xi Jinping at a South Korean air base on Thursday, hopeful of reaching a trade war truce between the world’s two largest economies. The talks in

October 24, 2025

News Desk

China’s state-owned oil companies “suspend” purchases of Russian oil due to sanctions

An aerial view shows tugboats helping a crude oil tanker dock at an oil terminal off Waidiao Island in Zhoushan, Zhejiang province, China, July 18, 2022. — Reuters US sanctions hit Moscow’s two biggest oil companies. India is ready to drastically reduce Russian oil imports. Russia faces falling demand from two biggest customers. SINGAPORE: Chinese state oil majors have suspended purchases of Russian offshore oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow’s two biggest oil companies, multiple trade sources said on Thursday. The move comes as refiners in India, the biggest buyer of seaborne Russian oil,

October 19, 2025

News Desk

Pakistan seeks China’s support for Brics membership in the New Development Bank

Pakistan’s Finance Minister Muhammad Aurangzeb (right) and China’s Vice Finance Minister Liao Min shake hands during a meeting in Washington, DC, US on October 16, 2025. —X@Financegovpk Aurangzeb welcomes Chinese investment in Pakistan. He informs Liao Min of the staff-level agreement with the IMF. Discusses Pakistan-US economic ties with MP. WASHINGTON: Islamabad has sought Beijing’s support for its participation in the New Development Bank (NDB) and expressed its appreciation for increased investment by Chinese companies in agriculture, industry, minerals and other key sectors in Pakistan. The development came as Finance Minister Muhammad Aurangzeb met Chinese Vice Finance Minister Liao Min

October 13, 2025

News Desk

MOFCOM defends China’s rare land export controls, US invoices

Employees carry territories containing rare earth elements for port export to Lianyungang, Jiangsu province, China 31 October 2010. – Reuters A spokesman for the Chinese Ministry of Commerce (Mofcom) defended the country’s decision to impose export control measures on rare land and related evidence, saying that the traffic is in line with Chinese laws and international liabilities. In an interview, Mofcom’s spokesman said: “China’s announcement on export control measures for rare land and related objects is a legal action by the Chinese government to improve the export control system in accordance with laws and regulations.” The spokesman stressed that these

September 21, 2025

News Desk

China’s ByTedance will receive 1 of the 7 positions of the Board of Directors for Tiktok’s US businesses, officially says

A general view of Tiktok’s offices in Culver City, California, USA, April 2 2025. – Reuters Trump is looking for an agreement to avoid banning Tiktok in the US. Tiktok’s American algorithm will be out of control of Bytetance. Democrats want to know how any agreement will work. Washington: A US-China deal for Tiktok US companies includes China’s Bytence choosing one of the seven members of the Board of Directors for the new entity, with Americans holding the six other seats, a senior White House official said on Saturday. President Donald Trump is trying to maintain a brief video application

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