China’s $1 trillion trade surplus: IMF urges shift to domestic growth; warns economy ‘too big’ to rely on exports
The head of the International Monetary Fund is urging China to confront its economic imbalances, cautioning that an economy of its size can no longer rely on exports as its main growth engine.Although China’s shipments to the US have weakened amid steep tariffs introduced under President Donald Trump, its overall exports to global markets have…