Mar 22 β€’ 07:22 UTC πŸ‡ΆπŸ‡¦ Qatar Al Jazeera

China defends its trade surplus and pledges to address concerns of its partners

Chinese Premier Li Qiang has defended the country's significant trade surplus while committing to take steps to balance trade with partners.

During a speech at the Chinese Development Forum, Premier Li Qiang defended China's record trade surplus and assured that the government is ready to address the concerns of its trading partners. He emphasized that China takes these concerns seriously and is committed to working with various parties to foster a 'harmonious and balanced' trade development. This commitment includes expanding market access in the services sector and increasing imports of medical, health, and low-carbon products, thereby providing greater opportunities for foreign businesses.

Li highlighted the unprecedented trade surplus of approximately $1.2 trillion recorded last year and noted that exports continued to grow with a 20% increase in the early months of the current year compared to the same period in 2025. The statements come amid rising scrutiny from other countries regarding China's trade practices and the implications of its surplus on global economic balance. The Premier's comments signal China's intent to reassure its partners while also addressing trade imbalances that have raised concerns internationally.

The comments from the Chinese government are strategic, aiming to mitigate foreign criticism and promote a collaborative approach to trade. With the latest figures showing a record current account surplus of $242 billion in the last quarter of 2025, which equates to 4.4% of its GDP, the implications of these policies could influence global trade dynamics, especially as countries navigate post-pandemic recovery. As China seeks to enhance its global trade relationships, the balance it strikes between surplus and imports will be pivotal for future economic negotiations and partnerships across the world.

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