Where did the US$2 trillion surplus in trade go? How China's Rich Transfer Their Assets？

Recently, the news that China’s US$2 trillion in trade surplus has disappeared sparked concerns all over social media platforms. The problem was first exposed by famous Chinese economic analyst, Lao Man. On 9 February, he posted on Chinese social media Weibo that during the three years of “Zero-COVID” policy from 2020 to 2022, China’s trade surplus would reach US$1.8977 trillion, which is almost the equivalent to the sum of surpluses over a decade from 2010 to 2019. Furthermore, the surplus in 2022 reached US$877.6 billion. However, such a vast surplus was not reflected in the data on foreign exchange reserves nor in the data on foreign exchange accounts and commercial bank settlements. It was as if this amount had vanished into thin air. Theoretically, it is impossible to hide such a large sum of money, even within the global financial market., So where has this US$2 trillion gone?
#China'stradeexports #FleeChina#chinaeconomy #chinacollapse
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