Anthropic sets IPO price range valuing it at up to $1.4tn Russia, Ukraine and US resume Abu Dhabi talks as Europe's role is contested Trump calls Iran war "effectively over" as Tehran denies talks Nvidia shares fall as FBI and board probe CEO Huang's affair Saudi Arabia intercepts missiles over Riyadh as Houthi war escalates Hot US inflation cements Fed hike as ECB and Bank of England lean toward more tightening Three tankers burn in Hormuz as US and Iran contest the strait Russia hits Ukraine's grid and Dnipro bridges as Ukrainian drones hit Russian industry Arrests ordered after deadly Izmir steel plant explosion Hegseth calls impeachment bid 'sabotage' as House vote nears Australia to create AI safety regulator after OpenAI agent breach France summons Iran's envoy and weighs sanctions over supermarket fridge cyberattack Brazil tables fossil-fuel exit roadmap at COP31 as Guterres urges action China's trade surplus passes $1 trillion as exports keep surging US moves tankers from second UK base after Iran threat Gaza floods leave tents under water as Israeli strikes go on Oil falls below $90 as Hormuz LNG and crude flows recover SoftBank swings to loss while TSMC shows resilient AI chip demand Canary Islands declare emergency as nearly 6,000 migrants arrive in ten days Iran lifts 2,000 km missile range limit and unveils underground missile city Merz threatens to block EU budget unless all members share Ukraine funding Fog-driven motorway pile-up kills at least 12 in Bulgaria Poland mourns Krakow shooting victims as gunman's interest in Breivik emerges US, China and Russia struggle to agree format for planned APEC leaders' meeting Violence in northern Nigeria drives tens of thousands into Niger Israel's new Knesset sworn in without a government Indonesian vice president Gibran to resign, presidential office says Russia-linked espionage arrests in Poland and the UK, including a US soldier California voters reject one-time billionaire wealth tax Gulf states approve military command headquarters in Kuwait Paraguay reimburses depositors after Ueno Bank seizure Bangladesh tribunal warns Hasina faces execution if she returns Israeli forces kill 14-year-old in West Bank as arson attacks continue Hungary detains Viktor Orbán's brother in people-smuggling probe Governments tighten rules on minors' online safety and AI assistants Data-centre backlash grows in the US, Nordic Europe and Thailand Alibaba's chip unit T-Head files confidentially for Hong Kong IPO Pope Leo draws an estimated 2.5 million to Mass in Buenos Aires Malaysian court clears Najib to start house arrest Pentagon removes WuXi AppTec from list of Chinese military companies US skips UN human rights review again Last Russian diesel tanker bound for US turns back Spanish train drivers strike after two deadly crashes as nationwide walkout looms Saudi liquidity squeeze adds pressure as PIF weighs fundraising Egypt detains rail staff as inquiry finds safety failures before deadly crash Anthropic sets IPO price range valuing it at up to $1.4tn Russia, Ukraine and US resume Abu Dhabi talks as Europe's role is contested Trump calls Iran war "effectively over" as Tehran denies talks Nvidia shares fall as FBI and board probe CEO Huang's affair Saudi Arabia intercepts missiles over Riyadh as Houthi war escalates Hot US inflation cements Fed hike as ECB and Bank of England lean toward more tightening Three tankers burn in Hormuz as US and Iran contest the strait Russia hits Ukraine's grid and Dnipro bridges as Ukrainian drones hit Russian industry Arrests ordered after deadly Izmir steel plant explosion Hegseth calls impeachment bid 'sabotage' as House vote nears Australia to create AI safety regulator after OpenAI agent breach France summons Iran's envoy and weighs sanctions over supermarket fridge cyberattack Brazil tables fossil-fuel exit roadmap at COP31 as Guterres urges action China's trade surplus passes $1 trillion as exports keep surging US moves tankers from second UK base after Iran threat Gaza floods leave tents under water as Israeli strikes go on Oil falls below $90 as Hormuz LNG and crude flows recover SoftBank swings to loss while TSMC shows resilient AI chip demand Canary Islands declare emergency as nearly 6,000 migrants arrive in ten days Iran lifts 2,000 km missile range limit and unveils underground missile city Merz threatens to block EU budget unless all members share Ukraine funding Fog-driven motorway pile-up kills at least 12 in Bulgaria Poland mourns Krakow shooting victims as gunman's interest in Breivik emerges US, China and Russia struggle to agree format for planned APEC leaders' meeting Violence in northern Nigeria drives tens of thousands into Niger Israel's new Knesset sworn in without a government Indonesian vice president Gibran to resign, presidential office says Russia-linked espionage arrests in Poland and the UK, including a US soldier California voters reject one-time billionaire wealth tax Gulf states approve military command headquarters in Kuwait Paraguay reimburses depositors after Ueno Bank seizure Bangladesh tribunal warns Hasina faces execution if she returns Israeli forces kill 14-year-old in West Bank as arson attacks continue Hungary detains Viktor Orbán's brother in people-smuggling probe Governments tighten rules on minors' online safety and AI assistants Data-centre backlash grows in the US, Nordic Europe and Thailand Alibaba's chip unit T-Head files confidentially for Hong Kong IPO Pope Leo draws an estimated 2.5 million to Mass in Buenos Aires Malaysian court clears Najib to start house arrest Pentagon removes WuXi AppTec from list of Chinese military companies US skips UN human rights review again Last Russian diesel tanker bound for US turns back Spanish train drivers strike after two deadly crashes as nationwide walkout looms Saudi liquidity squeeze adds pressure as PIF weighs fundraising Egypt detains rail staff as inquiry finds safety failures before deadly crash

Symbolic image: China's trade surplus passes $1 trillion as exports keep surging

Symbolic image

China's trade surplus passes $1 trillion as exports keep surging

8 sources

China's trade surplus exceeded $1 trillion in the first ten months, a month earlier than last year, customs data showed on Tuesday. October exports rose 35.2%.

China's customs agency reported on Tuesday, 10 November, a surplus of about $1.04 trillion for January to October, on course to beat last year's record of $1.2 trillion. Imports rose 41.6% in October, the strongest gain since 2021 according to FAZ, so the monthly surplus narrowed to $105.3 billion from $133.5 billion in September (AP). FAZ ties export strength to AI-driven demand for electronics. Chinese brands sold a record 582,000 electric and plug-in hybrid vehicles abroad, up 144.7%, according to CPCA data cited by SCMP.

Gap widens with Europe

Handelsblatt reports that China's October exports to Germany rose 33.5% while imports fell 2.6%. Exports to the EU grew 24.4% and imports fell more than 4%, lifting the surplus with the bloc to $33.4 billion.

Disputes ahead

Brussels is discussing tools against cheap imports, and the limit on Chinese hybrid imports agreed in early October is not yet in force (FAZ). Trump and Xi may meet in Shenzhen at the APEC summit next week, after US Treasury Secretary Bessent urged Vice Premier He Lifeng on Friday to keep commitments. Beijing says it does not seek a larger surplus but more balanced trade (AP).

Other opinions

China's state-affiliated Global Times stresses 20% growth in total foreign trade and asks in an editorial whether China is to blame for global imbalances, while Western outlets focus on mounting tensions with partners.