politics

While the United States is suffering from a $770 billion trade deficit, China has, for the first time, achieved a $1 trillion trade surplus.

It is no wonder that the U.S. seeks to launch a "global trade war" against China.

China's economy faces numerous problems and has so far managed to maintain a growth rate of over 5%, but investors are leaving China. On the other hand, the tensions between Taiwan and China, along with the unannounced military budget that likely isn't accurately reported, suggest that China's positive trade balance hasn't necessarily been spent on economic development, but rather on military matters.