China is not the villain in the global trading system that the Trump administration likes to portray it as, the International Monetary Fund said, in a new report released Wednesday.
After years when China ran a large current account surplus based on export-led growth, the IMF said that China’s current account deficit, the widest measure of China’s trade balance, its current account, was “broadly in line with fundamentals” in 2018.
To read more
https://www.marketwatch.com/story/china-not-a-trade-villain-imf-says-2019-07-17
