## The Deep Logic Behind Global Commodity Flows: Why China's Trade Surplus Continues to Rise
By 2025, China's merchandise trade surplus has reached $1.2 trillion. This figure does not reflect the traditional economic explanation of "insufficient domestic demand and excess capacity," but rather a completely different global business operation mechanism.
**Raw material imports have hit a ceiling, while global demand for Chinese manufacturing continues to rise**
To understand the true cause of the trade surplus, we must first look at the import side. As a super purchaser of global mineral resourc
View OriginalBy 2025, China's merchandise trade surplus has reached $1.2 trillion. This figure does not reflect the traditional economic explanation of "insufficient domestic demand and excess capacity," but rather a completely different global business operation mechanism.
**Raw material imports have hit a ceiling, while global demand for Chinese manufacturing continues to rise**
To understand the true cause of the trade surplus, we must first look at the import side. As a super purchaser of global mineral resourc