Nevertheless, despite the merits of its analysis, the IMF underestimates China’s progress in rebalancing. In my view, China’s rebalancing is more genuine – and more fundamental – than the Fund recognizes, and the prediction of an eventual rebound in China’s external surplus/GDP ratio will most likely turn out to be wrong.
Néanmoins, en dépit des mérites de son analyse, le FMI sous-estime les progrès de rééquilibrage entrepris par la Chine.