Part 4/13:
Many commentaries portray China's surpluses as proof of an unbalanced economy. However, when viewed as a percentage of GDP, China's surplus hovers around 3%, a figure that, while above the global average, remains below surpluses seen in countries like Japan (around 4%) and Germany (around 7%). These figures suggest that China's surplus, though significant, is in line with other major exporters and not necessarily indicative of economic imbalance.