China’s top leaders are signaling they are on alert for a potential flareup of tensions in global commerce as they draw up economic plans for next year, after amassing a record trade surplus despite the tariff war with the US.
Hours after China announced that its excess of exports to imports has surpassed $1 trillion in just 11 months, a readout of the Politburo’s meeting on Monday made a veiled reference to the uncertainty overseas, calling for “better coordination between domestic economic work and an international economic and trade battle.” It vowed to “act without delay” to develop new growth engines.