China’s Trade Surplus Climbs Past $1 Trillion

“China got the world’s attention last January when it announced that its trade surplus for goods and services had hit almost $1 trillion, an excess of exports to imports that no country had ever reached,” the New York Times reports.

“Now China has surged through that milestone in just 11 months this year. China’s customs agency announced on Monday that the country’s accumulated trade surplus reached $1.08 trillion through November.”