00:01China's trade surplus went over $1 trillion in October, reaching the milestone even earlier
00:08than last year's record-breaking sum. China's exports have surged in recent months, driven
00:15in part by a rising global demand for AI products, including computer chips, data center servers
00:20and networking equipment. However, the export boom has fueled tensions with several key
00:27trading partners. They worry that floods of lower-cost Chinese goods are crowding out
00:32local competition. The figures were released ahead of another high-stakes meeting between
00:39Chinese President Xi Jinping and U.S. counterpart Donald Trump in China next week. Since their
00:45meeting in October last year, Xi and Trump have maintained a fragile truce amid an ongoing trade
00:51war. While the U.S. and China have managed to keep trade tensions under control, tensions
00:57between Beijing and the European Union have been building in recent months. The growing
01:03imbalance in trade flows has put increasing pressure on Brussels to protect local industries
01:08from what critics call unfair competition from Chinese exports.
