The IMF, rather consistently, has forecast that China’s surplus will fall over time. And, until very recently, the IMF more or less forecast that it would fall back to around 1 percent of China’s GDP.

It is not hard to find evidence of China’s massive trade surplus. China’s exports of cars has surged to well over 6 million cars (or about a tenth of the global auto market outside of China), and are ...

South Korea recorded a current account surplus of approximately $28.3 billion in international trade last April, driven by the “semiconductor super cycle.” This marks the second-largest surplus on ...

South Korea’s current-account surplus surged to another record in March, driven by a surge in semiconductor exports and stronger shipments across Asia and the US, even as foreign investors sharply ...