As of November 2025, China's trade surplus has exceeded US$1 trillion, setting a new historical record. This news has triggered a strong international reaction. Are these international reactions reasonable? How should we analyze the underlying motivations and impacts? What impact will this situation have on China's economy, diplomacy, and other aspects? How should we formulate response strategies? These questions are all related to the stability and development of China in the first year of the 15th Five-Year Plan and are major issues that urgently need in-depth discussion. To this end, SDRF convened a small closed-door seminar (online + offline) on January 5, 2026. Guests included: Yu Yongding, Academician of the Chinese Academy of Social Sciences (providing PPT, presented by Secretary-General Qiao Yide); Zhang Liqing, Vice President of the China Society for World Economics; Cui Fan, Professor of the School of International Trade and Economics, University of International Business and Economics; Xu Mingqi, Vice Chairman of the Shanghai Center for International Economic Exchanges; Wu Xinru, Professor of East China Normal University; Guan Tao, Chief Global Economist of BOC Securities; and Secretary-General Qiao Yide moderated the discussion.