China Trade Data Exceed Expectations

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China Trade Data Exceed Expectations

China’s trade surplus with the United States expanded in November to $27.87 billion from $26.62 billion in October, according to data from China’s customs administration on Friday.

The surplus with the US over the first 11 months of the year was $251.26 billion, customs data showed, compared to $222.98 billion in the Jan-Oct period, Reuters reported.

September’s surplus of $28.08 billion was the highest on record, a Reuters calculation showed.

The latest data show that the country registered a trade surplus of $40.21 billion in the month against expectations of $35 billion in November after the $ 38.185 billion in October.

Trade between the United States and China is one of the most pressing issues that the administration of President Donald Trump places an eye on.

Trump describes the trade deficit with China as "embarrassing" and "horrible" and blames past US administrations "for allowing this trade deficit to take place and to grow."

China has enjoyed a boom in trade relations with many countries of the world, not just the United States, where recent data showed that China's total exports in November increased by 12.3 percent year on year, the fastest pace in eight months.

As global demand has surprised with its strength, consumers have lapped up Chinese goods at a rapid rate this year, giving the economy a boost and providing policy makers room to tighten rules to curb high-risk lending, Reuters reported.

The number beat analysts' forecast of a 5.0 per cent increase and compared with 6.9 per cent growth in October.



OPEC+ Countries Reaffirm Commitment to Market Stability

A 3D-printed oil pump jack is seen in front of the OPEC logo (File Photo: Reuters)
A 3D-printed oil pump jack is seen in front of the OPEC logo (File Photo: Reuters)
TT
20

OPEC+ Countries Reaffirm Commitment to Market Stability

A 3D-printed oil pump jack is seen in front of the OPEC logo (File Photo: Reuters)
A 3D-printed oil pump jack is seen in front of the OPEC logo (File Photo: Reuters)

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, met virtually on August 3, 2025, to review global market conditions and outlook.

In light of a steady global economic outlook and healthy market fundamentals, reflected in low oil inventories, the eight participating countries will implement a production adjustment of 547,000 barrels per day in September 2025.

This adjustment follows the December 5, 2024 decision to gradually and flexibly return the 2.2 million barrels per day voluntary cuts, starting from April 1, 2025.

This is equivalent to four monthly increments, SPA reported.

The phase-out of the additional voluntary production adjustments may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability. The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation.

The eight countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on April 3, 2024. They also confirmed their intention to fully compensate for any overproduced volume since January 2024.

The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. They will meet on September 7, 2025.