
Why China’s services trade matters for global imbalances
China’s services trade is undergoing a major shift, with a narrowing services deficit quietly reshaping global macroeconomics and reinforcing the country's massive external surplus.
The Institute of International Finance is a global association of financial institutions. Its members include most of the world's largest commercial banks and investment banks, as well as a growing number of insurance companies and investment management firms.
China’s services trade is undergoing a major shift, with a narrowing services deficit quietly reshaping global macroeconomics and reinforcing the country's massive external surplus.
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