- China runs the largest merchandise trade surplus with the US at $ 375 billion.
- But some analysts think the data can be misleading.
- The US-China trade deficit could be overstated by as much as 20%, one analyst said.
China is the world’s largest trader and is part of almost every supply and value chain. But a team of Macquarie Research analysts led by Viktor Shvets argue in a recent research note that China’s trade importance is “overstated” and “distorted.”
Shvets says the trade balance used to be more relevant. But now, in an era of multinationals and fragmentation of global supply value chains, it can be misleading. See the rest of the story at Business Insider
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