China’s trade surplus surpasses US$1 trillion for a second straight year, as exports surge 35%

China’s trade surplus exceeded US$1 trillion for a second straight year, according to official data released on Tuesday, as pressure mounts for greater balance in trade with Beijing. Exports in October surged 35.2 per cent from a year earlier, the customs agency said. Exports have grown rapidly this year, supported by high-tech goods like semiconductors and autos. Imports rose 41.6 per cent year-on-year.