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NEA loans to electric co-ops hit P2.8B in 2025

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THE National Electrification Administration (NEA) said it disbursed loans totaling P2.8 billion to 45 electric cooperatives (ECs) in 2025, against P1.6 billion a year earlier.

In a statement on Wednesday, NEA said it has allocated P1.7 billion to fund the capital expenditure projects of 34 ECs, of which 15 were in Luzon, eight in the Visayas, and 11 in Mindanao.

The Accounts Management and Guarantee Department released P956 million for working capital loans of 11 ECs serving electricity consumers in Albay, Cagayan de Sulu, Camarines Sur, Cotabato, Negros Oriental, Northern Negros, Pampanga, Pangasinan, Sultan Kudarat and Tarlac.

Some ECs also received P142.2 million in calamity loans to rehabilitate vital energy infrastructure damaged by Super Typhoon Odette in 2021.

The NEA has been offering financial assistance to ECs through its Enhanced Lending Program. The mechanism aims to ensure their operations will continue for the benefit of their member-consumer-owners.

The program consists of regular, calamity, and concessional loans, standby and short-term credit, single-digit system loss loans, renewable energy loans, and modular generator set financing.

Republic Act No. 9136, or the Electric Power Industry Reform Act of 2001, tasks the NEA with overseeing missionary electrification and providing financial, institutional, and technical assistance to electric cooperatives.

NEA has a target of increasing the rural electrification rate to 94% by the end of 2026. — Sheldeen Joy Talavera

Sugar millers oppose scheme linking import eligibility to exports under US quota scheme

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THE Philippine Sugar Millers Association (PSMA) reaffirmed its opposition to any Sugar Order that would tie eligibility to import sugar with exports of raw sugar to the US.

In a statement on Wednesday, the PSMA said such a scheme could exacerbate the current glut, which has depressed millgate prices in recent years.

“Currently, our country has unprecedented sugar inventory levels brought about by excessive imports over the past three years,” the association said.

The PSMA said current inventory levels should be brought back to levels it considers healthy — equivalent to about two months of national demand.

The PSMA also urged the Sugar Regulatory Administration (SRA) to exercise its powers rather than create new mechanisms that guarantee future imports to compensate exporters.

“Linking exports to guaranteed import replenishment can have serious long-term negative impact on the viability of the sugar industry… any import volume must be (calibrated to match) an actual shortfall. Doing otherwise puts the viability of this industry in jeopardy,” the association added.

The group recommended that for US shipments, the SRA issue “A” quedans, official certificates that confirm sugar allocations for export, without creating expectations of additional imports. — Vonn Andrei E. Villamiel

Bicol cold-storage complex due to open by early March

DA.GOV.PH

THE Department of Agriculture (DA) said a new P500‑million cold storage facility in Pili, Camarines Sur is expected to open in late February or early March.

The facility is nearing completion after weather‑related delays, the DA said in a statement.

According to the DA, the facility will feature six refrigerated warehouses with a combined capacity of 2,688 pallet positions, enough to store about 4,600 metric tons of boxed meat or 3,000 metric tons of vegetables.

The facility also includes a blast freezer, processing and packing areas, and a solar power system to enhance energy efficiency, the DA said.

Agriculture Secretary Francisco P. Tiu Laurel, Jr. said the facility will strengthen food security, support employment, and raise farmer incomes in the region.

“This investment strengthens food security, creates jobs, attracts agri-investments, and — most importantly — raises incomes of farmers, fishers, and everyone in the agriculture value chain across Bicol and neighboring regions,” he was quoted as saying in a statement.

Camarines Sur Governor Luis Raymund F. Villafuerte, Jr. was quoted in the statement as saying that the facility’s reach could extend beyond the province.

He said huge volumes of produce from the Visayas and Mindanao pass through Camarines Sur en route to Metro Manila and other major Luzon markets, making the province an important transit point.

Meanwhile, Mr. Laurel said the DA has also earmarked another P500 million for a complementary food hub, with implementation expected to begin in June and take about 12 months.

The planned food hub will provide trading and distribution facilities to complete the province’s emerging food system. — Vonn Andrei E. Villamiel

DAR 2026 land distribution target 400,000 hectares

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THE Department of Agrarian Reform (DAR) said it hopes to distribute 400,000 hectares of farmland to agrarian reform beneficiaries (ARBs) this year.

Agrarian Reform Secretary Conrado M. Estrella III told BusinessWorld that only about 700,000 hectares of agricultural land are left to be awarded to farmers, downgrading an earlier estimate of 2 million.

Mr. Estrella said most of the land to be distributed this year is located in Mindanao and the Visayas.

“This year, we will go for 400,000 hectares and finish the balance by 2027,” he said on Wednesday via Viber.

Mr. Estrella said DAR has yet to determine the number of land titles to be issued this year, pending the outcome of ongoing land surveys.

He said DAR also aims to complete the distribution of Certificates of Condonation and Release of Mortgage before June.

Under Republic Act No. 11953, or the New Agrarian Emancipation Act, DAR is tasked with condoning certain mortgage obligations, including unpaid amortization, interest, and surcharges incurred by ARBs under the Comprehensive Agrarian Reform Program.

Mr. Estrella said DAR will also focus on irrigation projects this year to allow farmers to plant crops year-round.

He added that DAR will also encourage beneficiaries to adopt modern and scientific farming and livestock production methods.

“We hope to encourage agrarian reform organizations to adopt a more business-like culture where they are trained to manage financial matters, adopt the latest agricultural technologies, and develop innovative marketing skills,” Mr. Estrella said. — Vonn Andrei E. Villamiel

My AI-powered bar review journey

On Jan. 7, the Office of the 2025 Bar Chairperson announced the results of the 2025 Bar Exams. Of the 11,420 examinees, 5,594 successfully hurdled the Bar Exam for a passing rate of 48.98%. In recent years, the passing rate has swung wildly: 72.28% in 2020-21, 43.47% in 2022, 36.77% in 2023, and 37.84% in 2024.

These numbers underscore a reality every bar taker understands: the Philippine Bar is among the toughest exams in the world. Aside from being the only professional licensure examination administered by the Supreme Court, it is purely essay based, spans an entire week with three full testing days in September, and demands mastery of political law, civil law, criminal law, labor law, commercial and taxation law, remedial law, and legal and judicial ethics.

BUILDING A TECH-ASSISTED STUDY ROUTINE
As an examinee preparing for the 2025 bar exam, I crafted a study plan that treated the Bar syllabus as my bible, following it methodically until I was confident that no principle, concept, or doctrine had been left untouched. What kept me up at night, however, was not whether I would put in the hours, but whether I would be able to retain and retrieve what I was studying when it mattered.

That was where artificial intelligence (AI) stepped in. Alongside the mental and emotional discipline that bar review demands, I decided to adopt a study plan built around a digital and tech-driven framework. AI became my constant, quiet study partner and personal coach that helped turn the overwhelming volume of readings into manageable, organized, and test-ready knowledge.

FROM SELF-MADE NOTES TO AI-GENERATED BAR DRILLS
I entered the review period with one major asset: my own personal notes from law school. These were my own distilled summaries of readings, lectures, and cases culled from my classes, organized in a way that matched the Bar syllabus, and reflected how I understood the law. Instead of experimenting with new reviewers, I turned my notes into the backbone of an AI-enhanced study system.

My process was simple but powerful. I fed portions of my notes into AI and ask it to transform them into bar-type review materials. A typical prompt looked like this:

Here are my notes for the topic “Refund of Erroneously or Excessively Paid Taxes under Section 229 of the Tax Code.” Please create bar exam style questions to test all relevant principles, rules, doctrines, as well as the amendments introduced by the Ease of Paying Taxes (EoPT) law in relation to this topic, which I will answer, and you will grade my answer afterwards as if you were a bar examiner. Give feedback on where I can improve.

The AI responded by generating essay questions, drills, question and answer sets, mnemonics, and memory techniques tailored specifically to my own summaries. It then evaluated my answers and pointed out gaps, weak reasoning, or missing legal bases. Instead of passive reading, my notes were transformed into an active testing engine with immediate, targeted feedback on how to improve.

Whenever a doctrine or provision felt unclear, I asked the AI to restate the rule in simpler terms and provide practical examples. Once the concept clicked, I then used AI to transform those same principles drawn from codal provisions and jurisprudential perspectives, into potential bar exam problems. Over time, topics that once felt intimidating became more familiar, understandable, and relatable.

All that work paid off when I finally took the exam in September. By then, I had answered so many AI-generated questions that very few issues felt completely new. The difficult questions I encountered in the exam all echoed patterns I had already seen in the AI-generated drills. The real advantage was not that the questions were identical, but that my mind had been trained to recognize the legal issues quickly and respond with clear, structured, and confident answers because of the timely feedback the AI provided after every practice response to the questions it generated. Because AI had forced me to apply the law repeatedly, I could respond calmly and methodically when faced with similar issues during the actual exam. 

THE RESULT AND THE ROAD AHEAD
On the day that results were released, I deliberately stepped away from my devices and spent the day trying not to think about whether my name would appear on the list of successful examinees. My parents and siblings were the ones who called with the good news. What I felt most was contentment and relief that the months of intense preparation had done their work and that I would not have to repeat the bar review cycle.

One piece of advice I can give to the 2026 Bar candidates is to make use of technology in preparing for the bar. While AI is not a magic solution and cannot replace the discipline of reading codals or understanding doctrine, it is a powerful amplifier. It can convert personal notes into dynamic, adaptive reviewers; simulate the bar examination environment; and sharpen both retention and analysis. For me, repeatedly encountering codal principles and doctrines in question and answer format trained my mind to think and answer like a lawyer, to anticipate how examiners might frame issues, to structure answers properly, and to give responsive, legally grounded conclusions. Embracing both tradition and innovation allowed me to walk into the exam room not only well-read, but also well-trained to think, write, and respond like a lawyer.

Congratulations to all successful examinees of the 2025 Bar. I look forward to signing the Roll of Attorneys and reciting the Lawyer’s Oath with you, as we soon — and officially — become panyeros and panyeras in the profession we have all diligently prepared to join.

The views or opinions expressed in this article are solely those of the author and do not necessarily represent those of Isla Lipana & Co. The content is for general information purposes only, and should not be used as a substitute for specific advice.

 

Jose Luis M. Yupangco is a manager in the Tax Services department of Isla Lipana & Co., the Philippine member firm of the PwC network.

Eala scores a repeat win over Vekic ahead of Aussie Open main draw

ALEX EALA — REUTERS/ZUMA PRESS WIRE/CHRIS PUTNAM

ALEXANDRA “ALEX” EALA reasserted mastery of seasoned Croatian ace Donna Vekic, 6-3, 6-4, in the Kooyong Classic in Melbourne on Wednesday at the Kooyong Lawn Tennis Club ahead of her main draw debut in the Australian Open (AO) this weekend.

The 20-year-old Ms. Eala scored the repeat win in just over an hour for her final game before duking it out against the world titans in this year’s first Grand Slam at the same city slated until Feb. 1.

Ms. Eala previously beat the 29-year-old Croatian, who won a silver medal in the 2024 Paris Olympics singles, at the ASB Classic in Auckland, New Zealand last week with a 4-6, 6-4, 6-4 comeback win.

That win snowballed to a final four finish after a 7-5, 5-7, 4-6 loss to China’s Wang Xinyu, her third in the WTA Tour, that should serve handy in her preparations for the big stage.

Mses. Eala and Vekic along with Ms. Xinyu are also listed in the main draw of the Philippine Women’s Open on Jan. 26 to 31 in Manila albeit the stint of the Filipina ace still hangs in the air depending on her campaign in the AO.

Her rematch with Ms. Vekic, WTA No. 70, was her lone duel in Kooyong, which only served as an exhibition tourney for invited rising and seasoned players as their final buildup for the AO, which she considers a home tourney given a rich history.

Ms. Eala, formerly world No. 2 in the girls division, netted her first Grand Slam girls doubles crown in the 2020 Australian Open before jumping to the women’s division with multiple qualifying round stints in the past as a wildcard.

The Filipina sensation this time around will play in her first AO main draw, earning a direct entry as a Top 50 player.

Ms. Eala, a proud graduate of the Rafael Nadal Academy in Spain, this week rose to No. 49 from No. 53, resetting her previous career-best at No. 50 last month in time for the AO main draw firing off on Jan. 18 after the ongoing qualifiers.

The AO this week also released a promotional video featuring Ms. Eala and her mentor Rafael Nadal, sharing what it means to play in the Australian major as one of the world’s only four Slams and the first for the season.

“For me to be able to win the junior girls doubles with a good friend of mine was such a treasured memory,” Ms. Eala beamed, recalling the historic 2020 campaign with Indonesian pal Priska Madelyn Nugroho. “It’s sort of my home slam and I have a lot of good memories there.”

Ms. Eala went to win another Slam girls doubles crown in 2021 French Open with Russian teammate Oksana Selekhmeteva but is yet to get past the second round of the women’s singles since turning pro.

She became the first Filipina winner in any Slam main draw last year in the US Open, slaying then 6-3, 2-6, 7-6 (13-11) win over world No. 15 Clara Tauson of Denmark in the first round.

In AO which remains as the Slam main draw she has not played in after stints in Wimbledon and French Open, Ms. Eala definitely wants more. — John Bryan Ulanday

Shai Gilgeous-Alexander’s 3rd quarter outburst lifts OKC Thunder over Spurs

Shai Gilgeous-Alexander (L) — REUTERS/IMAGN IMAGES/ALONZO ADAMS

SHAI GILGEOUS-ALEXANDER scored 15 of his 34 points in the third quarter to help the Oklahoma City (OKC) Thunder to a 118-98 home win over the San Antonio Spurs on Tuesday.

The Spurs were held below 100 points for the first time this season.

The Thunder have won four consecutive games and eight of 10 since a Christmas Day loss to San Antonio.

The Spurs have lost back-to-back games and six of their last 10 since beating Oklahoma City for the third time in a 13-day span.

After a back-and-forth first half, the Thunder seized control in the third, first with an 11-0 run early on with five points and two assists from Gilgeous-Alexander.

Just after the run ended on Stephon Castle’s corner 3-pointer, Gilgeous-Alexander and Spurs star Victor Wembanyama matched up in the lane.

Gilgeous-Alexander was called for an offensive foul as he passed it out to Cason Wallace, but Wembanyama fell to the ground, clutching his right knee.

Though he briefly left the game, Wembanyama soon returned.

After San Antonio quickly cut the deficit to four, Oklahoma City ripped off another big run to stretch the lead out — this time for good.

Gilgeous-Alexander fueled that run as well, closing the 12-0 spurt with a block on Dylan Harper, a rebound and a drive the other way before being fouled at the rim.

Gilgeous-Alexander then closed the quarter with a block on Wembanyama’s alley-oop attempt.

Gilgeous-Alexander finished 11 of 23 from the field with five rebounds, five assists and a career-high-tying four blocks.

Chet Holmgren added 10 rebounds and three blocks, as Oklahoma City finished with a season-high-tying 11 blocks.

Jalen Williams scored 20 for the Thunder on 9-of-15 shooting, while Alex Caruso scored 13 off the bench.

Wembanyama went down grasping his ankle after landing on Kenrich Williams’ foot early in the fourth quarter but remained in the game.

Castle, who had been struggling from beyond the arc, led the Spurs with 20 points on 3-of-5 shooting on 3-pointers.

Wembanyama added 17 points, and De’Aaron Fox recorded 14. — Reuters

Austrian Sebastian Ofner’s premature celebration costs him Australian Open spot in epic collapse

SEBASTIAN OFNER may never forget the rules of the sport again after his premature victory celebration turned into a nightmare collapse against Nishesh Basavareddy in the Australian Open qualifiers on Wednesday.

Austrian Ofner looked destined for the next round when he surged to a commanding 6-1 lead in the deciding set tiebreak against 20-year-old American Basavareddy.

But after winning another point to move 7-1 ahead, Ofner began celebrating and walked confidently toward the net — apparently forgetting that final-set tiebreaks require 10 points to win and not the usual seven.

The sheepish realization of his blunder was written all over Ofner’s face as he trudged back to the baseline, but the damage was already done as Basavareddy had all the motivation he needed.

What followed was a dramatic turnaround as Basavareddy reeled off eight of the next nine points before snatching a stunning 4-6 6-4 7-6 (13-11) victory from the jaws of defeat.

Basavareddy marked his remarkable comeback by first holding his hands at his neck in a “choking” celebration before pumping his fist, while a deflated Ofner could only shake hands and contemplate what might have been.

The victory was particularly sweet for the American, who earned his stripes as a wildcard last year when he took the opening set off 10-time champion Novak Djokovic in the first round before eventually being eliminated. — Reuters

US Supreme Court conservative justices lean toward allowing transgender sports bans

WASHINGTON — Conservative US Supreme Court justices appeared ready on Tuesday to uphold state laws banning transgender athletes from female sports teams amid escalating efforts nationwide to restrict the rights of transgender people.

The justices heard more than three hours of arguments in appeals by Idaho and West Virginia of decisions by lower courts siding with transgender students who challenged the bans in the two states as violating the US Constitution and a federal anti-discrimination law. Twenty-five other states have similar laws on the books.

The Supreme Court, which has a 6-3 conservative majority, backed other restrictions on transgender people in rulings issued last year. Republican President Donald J. Trump’s administration defended the laws during the arguments.

Conservative justices raised concerns about imposing a uniform rule on the entire country amid sharp disagreement and uncertainty over whether medications like puberty blockers or gender-affirming hormones eliminate male physiological advantages in sports. Questions by the liberal justices mostly signaled sympathy for the transgender challengers.

Sports are “kind of a zero-sum game for a lot of teams,” conservative Justice Brett Kavanaugh told Joshua Block, a lawyer for the transgender challengers. “And someone who tries out and makes it, who is a transgender girl, will bump someone from the starting lineup, from playing time, from the team, from the all-league (honors), and those things matter to people, big time.”

Kavanaugh, who has coached girls’ basketball teams, suggested that because the 1972 Title IX civil rights law that bars sex discrimination in schools, and its related regulations, permit teams separated by biological sex, it should be up to Congress to change that.

The Idaho and West Virginia laws designate sports teams at public schools including universities according to “biological sex” and bar “students of the male sex” from female athletic teams. The states said the laws preserve fair and safe competition for women and girls.

“If women don’t have their own competitions, they won’t be able to compete,” Alan Hurst, Idaho’s solicitor general arguing for the state, told the justices.

“Idaho’s law classifies on the basis of sex, because sex is what matters in sports,” Hurst said. “It correlates strongly with countless athletic advantages, like size, muscle mass, bone mass and heart and lung capacity.”

WIDER REPERCUSSIONS
The case could have wider repercussions for transgender people and affect whether other measures targeting them in the public sphere — including military service, bathroom access, treatment in classrooms and designations in official documents such as passports — can be enforced.

The challengers argued that the Idaho and West Virginia measures discriminate based on an individual’s sex or status as a transgender person in violation of the Constitution’s 14th Amendment guarantee of equal protection under the law, as well as Title IX, which bars discrimination in education “on the basis of sex.”

Part of the arguments focused on how the Idaho law treats people differently, whether based on sex or their status as transgender, and whether that would require the court to more skeptically assess the reasons expressed by states for adopting such measures — a form of judicial review called intermediate scrutiny.

“There’s no question here that a male who identifies as a female, but is a male, is being excluded from a female sport,” liberal Justice Sonia Sotomayor told Hurst. “By its nature, that’s a sex classification. And all sex classifications, we have said repeatedly in our case law, require intermediate scrutiny.”

The plaintiffs also contend that the use of certain medications by transgender students should matter regarding whether states can lawfully apply these bans to them if it can be shown that they do not possess sex-based physical advantages.

Kathleen Hartnett, another lawyer for the challengers, said the Idaho plaintiff mitigated the physical advantage through the use of testosterone suppressants and estrogen, eliminating the ban’s justification.

Defenders of the bans said they are valid regardless of individual circumstances, and that physical advantages remain despite medical treatments.

“Denying a special accommodation to trans-identifying individuals does not discriminate on the basis of sex or gender identity or deny equal protection. All of that remains true even assuming a man could take drugs that eliminate his sex-based physiological advantages,” said Justice Department lawyer Hashim Mooppan, arguing for the Trump administration.

Conservative Justice Samuel Alito asked Hartnett to address some of the concerns expressed about transgender women athletes.

“There are an awful lot of female athletes who are strongly opposed to participation by trans athletes in competitions with them,” Alito said. “What do you say about them? Are they bigots? Are they deluded in thinking that they are subjected to unfair competition?”

Hartnett said she would not call them that.

“That’s the reason why there is intermediate scrutiny,” Hartnett said. “You don’t legislate based on undifferentiated fears.”

Hartnett added that transgender athletes who have excelled in their sports are “actually few and far between.”

ANTI-DISCRIMINATION LAW
The court in 2020 delivered a landmark ruling protecting transgender people from workplace discrimination under a different law, called Title VII, that contains wording similar to Title IX.

Conservative Justice Neil Gorsuch, who authored the Title VII decision, appeared to indicate, along with some other justices, that the rationale of the Title VII ruling may not extend to Title IX in part because of regulations adopted under a 1974 law called the Javits Amendment that allowed for sex-separated sports teams.

“Javits changed Title IX, and it said, you know, sports are different – and we’ve got these regulations that have been out there for 50-plus years,” Gorsuch told Block. — Reuters

NFL’s wild-card drama scores huge ratings

THE NFL’s blockbuster regular season rolled straight into wild-card weekend, and the audiences followed.

Fox opened on Saturday with the Rams’ 34-31 victory over the Panthers drawing 28 million viewers, up 7% over last year in the same time slot for the biggest Saturday afternoon wild-card audience on any network since 2011, Front Office Sports reported.

Prime Video then shattered streaming records as the Bears’ 31-27 win over the Packers averaged 31.6 million, which is Amazon’s largest NFL audience by far and the most-watched exclusively streamed game in league history, topping Netflix’s late-afternoon Christmas matchup (27.5 million). The figure was 43% higher than last year’s streaming wild-card game on Amazon.

Sunday kept the surge going. CBS’ early window featuring the Bills’ 27-24 win over the Jaguars delivered 32.7 million viewers, the best early Sunday wild-card number on record for any network.

Fox’s late game, the 49ers’ 23-19 victory over the defending champion Eagles, led the entire weekend at 41 million for Fox’s biggest wild-card audience since 2015. It marked a 14% jump over the comparable slot a year ago.

NBC’s primetime game, with the Patriots ousting the Chargers, 16-3, averaged 28.9 million, narrowly behind last year’s comparable game but still the most-watched Sunday night broadcast of any kind since last February’s Super Bowl.

ESPN’s numbers for the Texans’ 30-6 win over the Steelers on Monday night will arrive on Wednesday.

The early playoff spike aligns with the league’s regular-season average of 18.7 million viewers per game, the second highest since 1989, highlighting how every rights holder experienced growth this year, from major broadcasters to streamers. — Reuters

Alabama QB Ty Simpson spurns $6.5-M offer, enters NFL draft

ALABAMA quarterback (QB) Ty Simpson has submitted paperwork to enter the 2026 NFL Draft, according to multiple reports on Tuesday, one day ahead of the deadline for underclassmen to do so.

This followed reports on Monday that multiple college programs attempted to entice Simpson with up to $6.5-million offer to transfer and delay his decision to enter the draft.

Simpson, who declared for the NFL draft on Jan. 7, had not entered the transfer portal but did accept an invitation to the Senior Bowl. He posted “Been a great ride” on Instagram on Tuesday with a photo of his Crimson Tide locker. — Reuters

China’s trade ends 2025 with record $1.2 trillion surplus despite Trump tariff jolt

STOCK PHOTO | Image by StockSnap from Pixabay

BEIJING — China on Wednesday reported a strong export run in 2025 with a record surplus of nearly $1.2 trillion, as producers braced for three more years of a Trump administration set on slowing the production powerhouse by shifting US orders to other markets.

Beijing’s resilience to renewed tariff tensions since President Donald J. Trump returned to the White House last January has emboldened Chinese firms to shift their focus to Southeast Asia, Africa and Latin America to offset US duties.

With Beijing looking to exports to counteract a prolonged property slump and sluggish domestic demand, the record-shattering surplus risks further unsettling economies concerned about China’s trade practices and overcapacity, as well as their overreliance on key Chinese products.

The manufacturing powerhouse’s full-year trade surplus came in at $1.189 trillion — a figure on par with the gross domestic product of a top 20 economy globally like Saudi Arabia — customs data showed on Wednesday, having broken the trillion-dollar ceiling for the first time in November.

“The momentum for global trade growth looks to be insufficient, and the external environment for China’s foreign trade development remains severe and complex,” Wang Jun, a vice-minister at China’s customs administration, said at a press briefing on Wednesday.

However, “with more diversified trading partners, (China’s) ability to withstand risks has been significantly enhanced,” Mr. Wang said, adding that “the fundamentals for China’s foreign trade remains solid.”

Outbound shipments from the world’s second-biggest economy grew 6.6% in value terms year-on-year in December, compared with a 5.9% increase in November. Economists polled by Reuters had expected a 3% increase.

Imports were up 5.7%, after a 1.9% bump the month earlier and also beat a forecast for a 0.9% uptick.

“Strong export growth helps to mitigate the weak domestic demand,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management.

“Combined with the booming stock market and stable US-China relations, the government is likely to keep the macro policy stance unchanged at least in Q1.”

EXPORTS UP AS CHINA SET TO GAIN MORE GLOBAL SHARE
China’s yuan held steady following the upbeat data even as equity investors welcomed the forecast-beating numbers. The benchmark Shanghai Composite index and blue-chip CSI300 both rose more than 1% in morning deals.

The Asian economic juggernaut’s monthly trade surpluses exceeded $100 billion seven times last year, partially underpinned by a weakened yuan, up from just once in 2024, underscoring that Mr. Trump’s actions have barely dented China’s broader trade with the wider world even if he has curbed US-bound shipments.

Exports to the US slumped 20% in dollar terms in 2025, while imports from the world’s top economy were down 14.6%. Chinese factories managed to make inroads in other markets, with exports to Africa jumping 25.8% and those to the ASEAN bloc of Southeast Asian nations up 13.4%. European Union (EU)-bound shipments grew 8.4%.

Mr. Trump on Tuesday said he thinks China can open its markets to American goods, after threatening a day earlier to slap a 25% tariff on countries that trade with Iran, risking reopening old wounds with Beijing, Tehran’s biggest trading partner.

Economists expect China to continue gaining global market share this year, helped by Chinese firms setting up overseas production hubs that provide lower-tariff access to the United States and the EU, as well as by strong demand for lower-grade chips and other electronics.

A flagship of Beijing’s global industrial ambitions, China’s auto industry saw overall exports jump 19.4% to 5.79 million vehicles last year, with pure electric vehicle shipments up 48.8%. China would likely remain the world’s top auto exporter for a third year after first superseding Japan in 2023.

Beijing, however, has shown signs of recognizing it must moderate its industrial exports if it is to sustain its success, and the leadership has been increasingly cognizant and vocal about imbalances in China’s economy and the image problem outsized exports are causing.

After November’s trillion-dollar surplus data, Chinese Premier Li Qiang was quoted last week on national television as calling for “proactively expanding imports and promoting the balanced development of imports and exports.”

The country also scrapped subsidy-like export tax rebates for its solar industry, a longstanding point of friction with EU states.

Lawmakers last month passed revisions to the Foreign Trade Law after two, rather than the usual three readings, in a signal to members of a major trans-Pacific trade pact that China is prepared to shift from industrial subsidies and towards freer, more open trade.

Despite the year-long truce on tariffs that Mr. Trump and Chinese President Xi Jinping struck in late October, US duties of 47.5% on Chinese goods are well above the roughly 35% level analysts say enables Chinese firms to export to the US at a profit. — Reuters