The $750 billion question: Report claims China fudged trade data to fool the IMF
According to the Council on Foreign Relations, the comparison relies on incomplete data and fails to capture the sharp rise in China's surplus since late
According to the Council on Foreign Relations, the comparison relies on incomplete data and fails to capture the sharp rise in China's surplus since late 2024. It notes that China's reported current account surplus increased from about $400 billion to roughly $750 billion, while net exports contributed more than 1.5 percentage points to economic growth. During the same period, the eurozone's surplus fell from around 420 billion euros to 280 billion euros.
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