China's trade surplus tops $1 trillion for second straight year
China's trade surplus exceeded $1 trillion in the first ten months of the year, according to the reported figures. The surplus was largely fueled by strong demand for its high-tech products. Exports rose sharply amid a global boom in artificial intelligence investment, while imports also grew faster than anticipated. Weak domestic consumption has pushed manufacturers to look to overseas markets for growth. Meanwhile, trade tensions with the European Union and the United States complicate the country's export outlook.
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