According to The Kobeissi Letter, China's trade surplus in manufactured goods has reached approximately 1.7% of the global GDP. This represents a 1.5 percentage point increase over the past 20 years from around 0.2%. Such a substantial trade surplus indicates a significant competitive advantage for China in the manufacturing sector, which could influence currency markets and affect global trade dynamics. Traders should monitor potential policy changes and trade agreements that might impact this surplus.