China current account surplus figures differ from real estimates, Michael Pettis notes

China current account surplus figures differ from real estimates, Michael Pettis notes
China current account surplus divergence

Michael Pettis compares China's reported current account surplus with the best estimate of its actual current account surplus.

The analysis suggests a potential gap between official figures and alternative calculations regarding China's external balance.

Pettis has recently highlighted slowdowns in some sectors of China’s economy. Shenzhen reported 0.5% growth in retail sales and a 5.8% GDP increase in the first quarter. He also noted that China’s top bad-debt managers are booking accounting gains from state-backed bank stakes as the property market struggles.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.