China's trade surplus hit record $1.2 trillion
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China's super $1.2 tn surplus also tells us about unresolved contradictions in its economic model
China's record $1.2 trillion trade surplus in 2025 highlights a savings-investment imbalance, not just export strength. Despite tariffs and global slowdown, China rerouted exports and established overseas production,
On today’s episode of Economic Update, Professor Wolff delivers an introduction to the key economic concept of “the surplus.” He explains economic structures as ways of organizing the production and social distribution of the surplus. Then he briefly ...