The IMF needs to focus on China’s external account in its surveillance. The reported current account surplus appears to be significantly too low.

If nothing changes, China’s massive trade surplus will soon be an even bigger political and economic issue…as global trade imbalances are once again being made in China.

A comprehensive list of each episode of The President's Inbox organized by topic. 

China's current account surplus is almost certainly about $100 billion larger than officially reported, and the falling current account surplus masks a persistent manufacturing surplus.

Each Friday, I look at what the presidential challengers are saying about foreign policy. This week: the Democratic field narrows, and Joe Biden and Bernie Sanders square off.