After China's trade surplus exceeded $1 trillion (1.3 trillion Singapore dollars) for the first time, sparking concerns about trade imbalances, Han Wenxiu, Executive Deputy Director of the Office of the Central Commission for Financial and Economic Affairs, stated that China will both expand exports and increase imports next year to promote the sustainable development of foreign trade.

Han Wenxiu made the remarks at the 2025-2026 China Economic Annual Conference hosted by the China Center for International Economic Exchanges (CCIEE) on Saturday (December 13). According to CCTV News, Han Wenxiu also said that China will adhere to opening up to the outside world next year, promote win-win cooperation in various fields, and encourage and support service exports.

China's trade surplus in the first 11 months of this year exceeded $1 trillion for the first time, reaching $1.08 trillion. Reuters pointed out that the trade surplus has heightened tensions between Beijing and its trading partners, and drawn criticism from the International Monetary Fund and other observers, who believe that China's production-oriented economic growth model is unsustainable.

The Central Economic Work Conference was held in Beijing from Wednesday to Thursday (December 10 to 11). The conference listed "adhering to domestic demand-led growth and building a strong domestic market" as the top priority for China's economic work next year.

When interpreting the Central Economic Work Conference on Saturday, Han Wenxiu said that China will next implement a special campaign to boost consumption in depth, formulate and implement a plan to increase the income of urban and rural residents, continue to raise the basic old-age benefits for rural and non-working urban residents, clean up unreasonable restrictive measures in the consumption sector, and unleash the potential of service consumption.

Han Wenxiu also said that China's major economic indicators this year have performed better than expected, and next year, incremental policies will be introduced and implemented according to changes in the situation to promote the steady and sound development of the economy. Reuters quoted analysts as expecting Beijing to set its economic growth target at around 5% for next year.

After China's trade surplus exceeded $1 trillion (1.3 trillion Singapore dollars) for the first time, sparking concerns about trade imbalances, Han Wenxiu, Executive Deputy Director of the Office of the Central Commission for Financial and Economic Affairs, stated that China will both expand exports and increase imports next year to promote the sustainable development of foreign trade.

Han Wenxiu made the remarks at the 2025-2026 China Economic Annual Conference hosted by the China Center for International Economic Exchanges (CCIEE) on Saturday (December 13). According to CCTV News, Han Wenxiu also said that China will adhere to opening up to the outside world next year, promote win-win cooperation in various fields, and encourage and support service exports.

China's trade surplus in the first 11 months of this year exceeded $1 trillion for the first time, reaching $1.08 trillion. Reuters pointed out that the trade surplus has heightened tensions between Beijing and its trading partners, and drawn criticism from the International Monetary Fund and other observers, who believe that China's production-oriented economic growth model is unsustainable.

The Central Economic Work Conference was held in Beijing from Wednesday to Thursday (December 10 to 11). The conference listed "adhering to domestic demand-led growth and building a strong domestic market" as the top priority for China's economic work next year.

When interpreting the Central Economic Work Conference on Saturday, Han Wenxiu said that China will next implement a special campaign to boost consumption in depth, formulate and implement a plan to increase the income of urban and rural residents, continue to raise the basic old-age benefits for rural and non-working urban residents, clean up unreasonable restrictive measures in the consumption sector, and unleash the potential of service consumption.

Han Wenxiu also said that China's major economic indicators this year have performed better than expected, and next year, incremental policies will be introduced and implemented according to changes in the situation to promote the steady and sound development of the economy. Reuters quoted analysts as expecting Beijing to set its economic growth target at around 5% for next year.