China’s vanishing trade surplus by Timothy
Taylor
“We all know that China’s economic success depends on
running gigantic trade surpluses. Well, not any more. China’s surplus has been
small relative to the size of its economy for a decade and has been approaching
zero in the past few years. Indeed, a November 2019 working paper from the
International Monetary Fund predicted that China would begin to run a small
current account trade deficit in coming years”.