China's trade surplus widened to USD 111.68 billion in November, up from USD 97.33 billion in the same month last year and surpassing expectations of USD 100.2 billion. It marked the largest trade surplus since June, as exports rose more than imports. Exports increased 5.9% year-on-year, beating forecasts for a 3.8% rise and rebounding from a 1.1% fall in October, as firms rushed to move inventory to take advantage of a fresh tariff truce with the US. In November, the US and China agreed to scale back some of their tariffs and a raft of other measures after US President Donald Trump and Chinese President Xi Jinping met in South Korea on October 30. Imports grew 1.9%, below expectations for a 2.8% rise but above the 1.0% gain in October. China’s trade surplus with the US declined to USD 23.74 billion in November, down from USD 24.76 billion in October. Year-to-date, China recorded a total trade surplus of USD 1.08 trillion, with exports advancing 5.4% while imports dropped 0.6%.