China Defends Export-Fueled Surplus
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Foreign exchange regulator pushes back against international concerns over trade imbalances, highlighting that outbound investments averaged more than $500 billion annually in recent years
China Defends Export-Fueled Surplus
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The record surplus in 2025 did not accumulate in reserves. Instead, it is being recycled through private sector capital outflows,…

Shang-Jin Wei cites the country’s high savings rate as one of the main factors behind its external imbalance.

Exports have become a key pillar of support for the Chinese economy, helping to sustain growth amid tepid domestic consumption. …

SAFE says it will simplify foreign-exchange management, support outbound investment and deepen institutional opening of the…

Hong Kong absorbed nearly two-thirds of mainland China’s portfolio outflows last year and now holds about half of the total…

While a stronger Chinese currency could cool trade frictions and boost consumer buying power, economists argue the real economic…

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