China's Trade Expenditure Crisis

The response to covet 19 was mostly in the form of supply side policies. In europe and a number of other large economies treated it as a demand side problem. Now when that happens, you would expect that there is only two ways that the chinese economy can absorb the resulting in balance. And needless to say, we've seen both. China's trade surplus in the last year, year and a half has grown to among the highest monthly trade surpluses we've ever seen. At the same time, until very recently, we saw a significant increase in property a development, which grew, i think, by seven % last year,. while g d p only grew by two point