Why Trade Figures Do Not Prove China Is Rebalancing

Why Trade Figures Do Not Prove China Is Rebalancing РChina’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 РNew America Foundation

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