Skip to Navigation Skip to Posts Skip to Content
πŸ‡¨πŸ‡³ China's record April surplus masks an ASEAN re-routing play

πŸ‡¨πŸ‡³ China's record April surplus masks an ASEAN re-routing play

China's April trade surplus hit $84.8bn on record exports of $359.4bn, but the US-China bilateral surplus compressed to $23.1bn as Southeast Asian intermediaries absorb Chinese semi-finished goods. The headline surplus is a routing story.

Read next

Featured Post The week in view

πŸ“° Weekly Macro Roundup: 2026-11-07

Paid Post The week in view

πŸ‡¨πŸ‡³ Beijing lowers the funding floor quietly, leans on the yuan and asks firms to buy their own shares

Become a Member

Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

Sign up now