The Secret Behind China’s Trade Surplus — And Why the RMB Battle Is Misdiagnosed
The Secret Behind China’s Trade Surplus — And Why the RMB Battle Is Misdiagnosed
Udumbara
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China’s trade surplus just blew past one trillion dollars — but the real story isn’t what you’ve been told. Everyone’s arguing about subsidies and the RMB, yet those are just the surface. The real reason China dominates global exports is much darker: low wages, squeezed workers, weak domestic spending, and a system designed to drain money from the world while keeping its own people poor. In this episode, I break down how Beijing pulls it off, why the RMB debate is a distraction, and what this means for the U.S., Europe, and global markets. This is the truth behind China’s trillion-dollar trap.
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