The trade war isn't hurting China as it posted another massive trade surplus in November, one of its largest ever.
- Surplus of USD 111.68 billion vs $90.7 billion prior
- USD denominated Nov imports +1.9%
- USD denominated Nov exports +5.9%
- Nov rare earth exports 5494 tonnes vs 4343 tonnes in Oct
- Year through Nov surplus of 7708 billion yuan
These are astonishing numbers given the trade war. China is steamrolling the global competition for exports.
