The IMF’s surveillance cycle for China is wrapping up, and at least judging from the press release, China’s balance of payments was not a focus of the conversation. That is unfortunate. I, of course, ...

China’s GDP statistics are widely thought to be, well, works of performance art. Targets, once set, are almost always met. GDP—apart from the pandemic years—smoothly glided upward. And since China ...

This story was updated with new information. Last month, President Donald Trump signed an executive order aimed at reforming and overhauling the Federal Emergency Management Agency (FEMA). He had ...

Every country keeps a detailed record of its financial transactions with the rest of the world. This record is known as the Balance of Payments, or BoP. It is one of the most important indicators of a ...