April 20, 2012

Don't Blame China for U.S. Trade Deficit

Yukon Huang, Bloomberg

AP Photo

The International Monetary Fund’s reduced medium-term forecast for China's current-account surplus of about 4 percent of gross domestic product is belated recognition of recent developments. The adjustment may still turn out to be too high, but good luck telling that to U.S. politicians.

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TAGGED: United States, China

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