Why Trade Figures Do Not Prove China Is Rebalancing

Why Trade Figures Do Not Prove China Is Rebalancing – China’s trade surplus declined in the first quarter, and during March the country ran a deficit of $7.2 billion, its first monthly trade deficit since 2004. Contrary to some analyses, this is not proof that the economy has made significant progress toward rebalancing or a reason for the United States to back away from pushing China on yuan appreciation – New America Foundation