India, Dec. 9 -- China, the world's second-largest economy, registered its trade surplus reaching a landmark $1 trillion in November for the first time ever.

China reached the mark despite the ongoing global trade war, which resulted in a steep drop in exports to the U.S.

In the first 11 months this year, China's overall exports grew 5.4% compared to the same period in 2024 while imports fell 0.6%, taking its trade surplus to $1.076 trillion this year as of November, up 21.6% year on year, reported CNBC.

"China has a massive pool of domestic savings and China will again try to encourage consumers to unleash more of it to lessen their dependency on manufacturing and exports," Boockvar said.

Meanwhile, analysts believe the country's sol...