EconomyWho has the upper hand in financial markets, the US or China?
As Chinese President Xi Jinping arrives in Washington for a highly anticipated summit with US President Donald Trump, China appears to have emerged stronger from the tariff shock. Its exports rose 25% last month on an annualised basis, lifting the trade surplus to $119 billion and putting it on course to surpass last year’s record $1.2 trillion. The surplus with the US climbed 44% to $29 billion, its widest gap since Trump returned to office.
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South China Morning Post★★★★☆2026-09-24 08:30Original
Who has the upper hand in financial markets, the US or China?
Economy