China Is Back To Running Massive Trade Surpluses But SOEs Are Defaulting on AAA Rated Bonds

by Jason Burack of Wall St For Main St

While China runs absolutely massive trade surpluses thanks to being nearly the sole exporter of masks, gloves, PPE and other medical and pandemic related equipment, China’s currency, the Yuan, has been allowed to strengthen by the PBOC, China’s Central Bank, to around 6.5 Chinese Yuan to the Dollar the last few months.