According to the International Monetary Fund, China’s trade surplus has moved to balance, the International Monetary Fund reported on Wednesday.
China’s trade surplus in 2018 was reduced to just 0,4%, compared with the Eurozone’s 2,9% surplus during the same period. In 2007, China’s trade surplus amounted to 10% of its GDP, exceeding Europe’s 6%.
The IMF called on Germany – which currently holds the biggest trade surplus in the world – to adopt a more growth-oriented fiscal policy. The IMF als...
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