What to Make of China’s $1 Trillion Trade Surplus | Ones and Tooze Ep. 220

China’s annual trade surplus now stands at $1 trillion, the largest trade imbalance ever accumulated by any single country, which amounts to 1 percent of present-day global GDP. How can we make sense of China’s growing position in the global economy?

On the most recent episode of FP’s economics podcast Ones and Tooze, Adam Tooze posits that China’s rise is more complex than straightforward domination. Listen to the full episode wherever you get your podcasts.

Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On FP’s hit podcast, Tooze and FP deputy editor Cameron Abadi look at two data points each week that explain the world: one drawn from the week’s headlines and the other from just about anywhere else Tooze takes us.

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