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China Hits $1 Trillion Trade Surplus in 2025: Mercantilism or Western Myth? | Silk & Steel

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China Hits $1 Trillion Trade Surplus in 2025: Mercantilism or Western Myth? | Silk & Steel► Subscribe to the UK Column YouTube channel ► https://bit.ly/UKColumn_SubscribeIn this episode of the Silk and Steel Podcast, host Carl Zha welcomes back Professor Warwick Powell, Adjunct Professor at Queensland University of Technology and Senior Fellow at Taihe Institute in Beijing. They dive deep into China's record-breaking $1 trillion trade surplus in 2025 (as of November), debunking Western narratives of "predatory mercantilism," analyzing Xi Jinping's recent Qiushi article on expanding domestic demand (published December 2025), distortions in trade statistics, and the Jimmy Lai guilty verdict (December 15, 2025). Powell offers nuanced insights on global value chains, Western self-inflicted deindustrialization, and why outdated playbooks like currency appreciation won't work against China.Don't forget to like, subscribe, and hit the notification bell for more in-depth discussions on C