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But we saved everything 🙂.
China recorded another significant trade surplus in September. Robin Brooks described it as evidence that the country is not moving away from its export-led growth model, adding that the rest of China's economy remains deeply challenged.
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Brooks has commented on a range of global economic challenges in recent months. He assessed Iran’s economic crisis and reported that the country had lost control over the Strait of Hormuz during a currency collapse. In a separate analysis, Brooks highlighted that France’s real 10-year yield has reached parity with the U.S. following policy moves by the European Central Bank.