China trade surplus with United States tops to record high

Baku. 12 January. REPORT.AZ/ China's trade surplus with the United States has reached a record high of $275.8 billion last year.

Report informs referring to The Wall Street Journal, Chinese General Administration of Customs said.

According to information, the figure increasing by 10% in annual comparison, hit the record high. The previous record high of $261 billion reached in 2015.

The reason for the increase in trade surplus is growing demand for Chinese goods from the United States. 

The Wall Street Journal says that the US Presidential Administration may disclose restrictive measures against China in the coming weeks to reduce trade surplus.

These measures are expected to apply to solar panels, steel and aluminum products.