Source item

Three points on this Bloomberg’s chart detailing the surge in China’s trade surplus: The surplus has widened despite a global rise in trade barriers. After reaching nearly $700 bn through July, the full-year surplus is projected to exceed last year's record $1.2 tr. This isn't just about Chinese EVs in Europe. China's ability to manufacture throughout the value chain is eroding the development "escalator" that rising developing economies have historically pursued. #economy #markets #china #development #trade