China’s trade surplus with the United States grew by 11.3% from the previous year.
Customs data released on Monday shows, China recorded its biggest trade surplus with the United States which touched $323.32 billion – its highest since 2006. In 2017, its trade surplus with the U.S. was $275.81 billion.
In 2018, Chinese exports to the U.S. grew by 11.3% from 2017 while imports from the U.S. grew only by 0.7%.
Beijing’s trade surplus has become a sore point with Washington is is at the epicentre of their trade war.
Although both countries have slapped tariffs on one another, clearly China has more to lose given its trade surplus and the fact that its economy still lags far behind that of the United States.