With China poised for record trade surplus, former Chongqing mayor calls for action
Former Chongqing mayor Huang Qifan has called for coordinated policies to address China's significant trade surplus, which he described as "shocking." He proposed measures such as a gradual yuan appreciation of 15-20% over the next decade, alongside tariff reductions and increased labor benefits. Huang believes these actions are necessary to rebalance trade, boost imports, and support China's long-term growth objectives. AI
