China's trade surplus soars past $1 trillion as AI boom powers exports
China's trade surplus has exceeded $1 trillion in the first ten months of the year, driven by strong demand for high-tech exports. The surge is largely attributed to the global infrastructure race for artificial intelligence, which has helped the country offset weak domestic consumption.
Why it matters
This record-breaking surplus highlights China's critical role in the global AI supply chain and may exacerbate ongoing international trade tensions.
BEIJING, Nov 10 (Reuters) - China's trade surplus surged past $1 trillion in the first 10 months as a global race to…
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