China’s trade volumes hit record in week before Trump-Xi summit
This could signal exporters rushing goods out of the country as uncertainty hovers over tariffs
Chinese ports witnessed their busiest week in history as 7.3 million containers passed through terminals in the seven days leading up to the US-China summit. This marks a 9% increase from the same period a year ago, according to data from the Ministry of Transport. The surge in container shipments is part of a growing trend, with trade volumes in the first two weeks of September rising by around 6%.
Economists surveyed by Bloomberg have raised their forecasts for 2026, predicting that exports and imports will grow by 17% and 22%, respectively. The latest milestone occurred just before Xi Jinping's state visit to Washington, where the US is expected to postpone any new tariffs on China and other trading partners. The extension of the trade war truce by two months until January 10, as announced by US Treasury Secretary Scott Bessent, is seen as a sign that the two countries are working towards a potential bigger deal.
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