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Why is China Understating its Trade Surplus?

Sign up to Brilliant (the first 200 sign ups get 20% off an annual premium subscription): https://brilliant.org/tldr/ China is often seen as the "factory of the world," much to the concern of other economies around the world. A recent analysis even shows that China might be understating its trade surplus - and may be far bigger. But what is a trade surplus, and why is China understanding it? 🎞 TikTok:   / tldrnews   💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA Support TLDR on Patreon:   / tldrnews   Donate by PayPal: https://tldrnews.co.uk/funding Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought. TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks! ////////////////////// 1 - https://www.ft.com/content/f3ee37e0-b... 2 - https://tradingeconomics.com/china/cu... 3 - https://www.cfr.org/blog/chinas-curre... 4 - https://www.cfr.org/blog/chinas-curre... 5 - https://www.ft.com/content/ae517907-0... 00:00 - Introduction 01:30 - What is a Trade Surplus? 05:12 - Why is China Understating Theirs? 07:45 - Sponsored Content