Under U.S. sanctions, China's overall merchandise trade surplus reached a record-breaking $1.1 trillion in the first 11 months of 2025, a year-on-year increase of 21%.

Data for these 11 months already surpasses the previous full-year record of $990 billion set last year. Since 2019, China's trade surplus has nearly tripled.

Looking specifically at November, exports increased by 5.9% year-on-year, far exceeding the 1.9% growth in imports, with a trade surplus of $112 billion, the third-highest in history.

Of course, U.S. sanctions are effective; exports to the U.S. decreased by 29% year-on-year, the largest decline since August, marking the eighth consecutive month of double-digit decline.

However, China still achieved significant growth in its trade surplus, mainly thanks to support from non-U.S. partners. China substantially increased exports to the European Union, Africa, and other emerging markets, offsetting the decline in exports to the U.S.

The whole world once admired strength, but now China is the "great power," unstoppable🫡