Trade Turbulence: China's Record Surplus Fuels Global Tariff Tensions

China's Premier Li Qiang urged global partners to reject protectionism amid a record trade surplus and heightened tensions with trading partners. Despite calls for reform, Beijing remains focused on its export-driven model, intensifying global tariff disputes. International leaders continue to pressure China to stimulate domestic demand.

In the wake of a record $1 trillion trade surplus, China's Premier Li Qiang urged international trade partners to resist rising protectionist measures. This call came amid escalating tensions with key global economies, pushing China to reevaluate its dependency on exports to drive economic growth.

Global economic leaders, including officials from the IMF and World Trade Organization, were called upon by Li to enhance global governance. This appeal comes as numerous countries, including China, increasingly impose tariffs, threatening to reshape global economic interactions.

Despite the evident strain on international trade relations, China shows little intent to shift from its export-heavy economic model. As pressure builds, particularly from Western nations, policymakers in Beijing maintain a steady course, focusing on infrastructure projects over new stimulative measures.

(With inputs from agencies.)