China's Trade Surplus Surges To Record High Despite Trade War
By Bill Strange
October 12, 2018
The ongoing trade dispute between the United States and China doesn't appear to be hurting Chinese businesses so far. Beijing reported a record high trade surplus of more than $34,000,000,000 last month, an increase of more than $3,000,000,000 over the previous month. Experts say that number does not reflect recent tariffs. China's trade surplus with the United States in the first nine months of this year was nearly $30,000,000,000 more than the previous year.