trade surplus

IMF’s Georgieva urges China to pivot from exports

International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that China needs to move its economy away from export-led growth and toward more domestic consumption. She spoke on the same day that customs data showed Beijing on course for…

PBOC rejects yuan undervaluation claims before EU talks

China's central bank said on Thursday, Oct. 8, that it has never pursued competitive depreciation of the yuan. The statement came as European officials push for a stronger Chinese currency and EU trade chief Maros Sefcovic was in Beijing for…

China’s record trade surplus spurs calls for Plaza Accord-style deal

China and the United States held the third Track 1.5 Dialogue in Beijing on August 25, with roughly 40 representatives from government, think tanks, and business communities discussing ways to strengthen political trust, expand trade cooperation, and explore joint efforts…

China’s August exports rise 25% as trade surplus widens

China's exports grew 25% year-on-year in August, accelerating from July's 23.9% rise and underscoring the economy's heavy reliance on foreign demand to offset persistent weakness at home, according to customs data released on Tuesday.