The Rebalancing of China's Trade Excess

Tracy: I'm a little bit skeptical about the traditional argument for the surge in China's trade surplus. Tracy: How much of that rebalancing that China has been trying to do for so long now, moving more of its economy towards consumption got undone in 2020? And how difficult is it going to be to reverse that dynamic? Tracey: The US is really in the middle of a pretty serious ideological policy pivot in terms of its appreciation of the power of fiscal stimulus. It looks like we're going to get yet another pretty substantial stimulus, perhaps almost as much as two trillion, again, lots of checks. But you mentioned this idea of the fiscal leaking and ultimately turning into income