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The story so far · 2 days, November 7 to 10, 2026
One Turn followed this story across 2 editions, from Beijing, China on November 7, 2026. Newest first.
China relies on exports because domestic spending is weak.
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China's goods surplus topped $1 trillion as of October for a second year. An AI boom powered exports. Trading partners are wary of cheap Chinese goods. The US and China traded calls urging each other to honor trade commitments before a Trump-Xi summit.
Why it matters: Large surpluses add to pressure for trade rebalancing and tariffs.
Sources: CNBC, Japan Times, South China Morning Post · See it on the globe
Treasury Secretary Bessent and Trade Representative Greer spoke with Vice Premier He Lifeng and pressed China on farm purchases and rare earths. China raised its own concerns. Trump may meet Xi in Shenzhen, and the trade truce expires in January.
Why it matters: The truce affects tariffs and supply of rare earths.
Sources: DW, Japan Times, The Hindu · See it on the globe