The Times of India News

Chinas $1 trillion trade surplus: IMF urges shift to domestic growth; warns economy too big to rely on exports

The IMF chief urges China to rebalance its economy, warning that relying solely on exports is unsustainable for its size and risks global trade friction. Despite US tariffs, China's exports are growing, with its trade surplus exceeding $1 trillion. Weak domestic demand and property woes hinder a shift towards consumer spending, prompting concerns from trading partners.