Global Impact Brief

China's persistent surplus is deepening global trade tensions

China's persistent surplus is deepening global trade tensions

China's structural excess saving, weak domestic demand and export dependence are sustaining an exceptionally large current-account surplus and intensifying protectionist pressure. Reported fuel-export changes show how Beijing's domestic supply decisions can affect strained global energy markets, while US-China and EU-China disputes remain unresolved.

Sources (2)
Updated Oct 9, 2026