Brad Setser
@Brad_Setser
CFR senior fellow. Views are my own. Writes on sovereign debt, trade, fx reserves and capital flows.
Joined May 2016
1.1K Following 158.4K Followers
China's trade surplus over the last 12ms looks flat.
But take out the surge in gold imports, and it is clearly still rising. It is now about a trillion dollars bigger than it was pre-pandemic
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