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Thanks Mark. The IMF forecast has China's 2025 current account surplus at $400b (2% of GDP). A reasonable estimate using China's pre-2021/22 BoP methodology and 3% return on debt assets would put the true surplus at $1 trillion ...
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Thanks for continuing to highlight this huge discrepancy.
The IMF needs to come clean on this issue.
It's critical for the consistency of IMF external analysis, spillover views, multilateral surveillance & frankly how the Fund should assess the Chinese econ in its A4s.
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