The Dragon Ledger is an independent English-language platform dedicated to in-depth reporting, analysis, and commentary on China’s evolving role in the world. We explore the intersections of politics, economics, technology, and culture—unraveling the complexities behind the headlines to provide a balanced, nuanced understanding of modern China. From Beijing’s policy shifts to grassroots innovation, from the echoes of tradition to the pulse of global ambition, The Dragon Ledger offers insight that cuts through noise and narrative. Our mission is simple: to decode China’s story—one that shapes not only its own future, but that of the world.
Where Is China’s Trillion-Dollar Trade Surplus Going?
The country ended 2025 with the world’s largest-ever merchandise-trade surplus underscoring its enduring industrial competitiveness.
