China overtakes Germany to run world's largest current account surplus: Iffo

China overtakes Germany to run world's largest current account surplus: Iffo
 China overtakes Germany to run world's largest current account surplus: Iffo

According to a survey by the Ifo Institute, China overtook Germany in 2020 with the world's largest current account surplus. China's current account surplus more than doubled to more than $ 310 billion in 2020, while Germany rose to $ 261 billion for the fifth straight year. Japan came in third place, with a current account surplus of 158 billion dollars.

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