China’s exports surged 36.3% year-on-year in September, bringing its monthly trade surplus to $133.5 billion, up from $119.1 billion in August. For the first nine months of the year, China’s trade surplus reached $938 billion, with expectations it will surpass last year’s full-year record of $1.2 trillion. The EU, facing a trade deficit exceeding $1.1 billion per day with China, secured an agreement to halve Chinese hybrid vehicle imports over the coming years. Analysts highlight that China’s reliance on open markets and weak domestic demand remain major challenges for the country’s economic growth.
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