BEIJING/HONG KONG ¨C When U.S. President Donald Trump took office a year ago with an ¡°America First¡± agenda, many saw trouble for China¡¯s sluggish economy, but Beijing has thawed frosty relationships with other trade partners to post a record trade surplus.
While Trump¡¯s policies have strained ties with traditional U.S. allies, China has turned its focus to fostering ties with key partners, including Canada and India, analysts say.
As a result, the world¡¯s second-largest economy¡¯s trade surplus hit a record $1.2 trillion in 2025, monthly forex inflows touched $100 billion, the largest ever, and the global usage ?of China¡¯s currency, the yuan, has expanded.
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