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→Trade
===Trade===
===Trade===
Bilateral trade volume with the [[United States]] contracted in 2025 due to --tariff]]s peaking at high levels (up to 145% on Chinese goods before partial rollbacks) and non-tariff measures (e.g., export controls on [[rare earth metals]]).
Bilateral trade volume with the [[United States]] contracted in 2025 due to [[tariff]]s peaking at high levels (up to 145% on Chinese goods before partial rollbacks) and non-tariff measures (e.g., export controls on [[rare earth metals]]).
China, unfazed by the US trade practices, pivoted deftly to other [[market]]s. China posted a historic $1.189–$1.2 trillion trade surplus in 2025 (up ~20% from 2024), the largest ever recorded. Total [[export]]s grew robustly (e.g., +5-6% in late 2025 months), with overall growth around 5-6% for the year, outperforming global averages. And monthly surpluses exceeded $100 billion seven times (vs. once in 2024), supported by [[policy]] [[stimulus]] and a weakened [[yuan]] making Chinese goods cheaper on international markets.
China, unfazed by the US trade practices, pivoted deftly to other [[market]]s. China posted a historic $1.189–$1.2 trillion trade surplus in 2025 (up ~20% from 2024), the largest ever recorded. Total [[export]]s grew robustly (e.g., +5-6% in late 2025 months), with overall growth around 5-6% for the year, outperforming global averages. And monthly surpluses exceeded $100 billion seven times (vs. once in 2024), supported by [[policy]] [[stimulus]] and a weakened [[yuan]] making Chinese goods cheaper on international markets.
===Real estate and stock market crash===
===Real estate and stock market crash===