China’s current account surplus is reported at reach 3.7% of GDP in 2025, placing significant pressure on the global economy and fueling a rise in protectionism. Following President Trump’s visit to China, BWC Member Mark Sobel discusses the scale of this surplus and the United States’ position on the matter. He asserts that the significant undervaluation of the renminbi is one of the factors contributing to this surplus and therefore urges the U.S. to allow China to strengthen its currency. He also calls on Europe and the IMF to join in condemning the undervaluation of the renminbi, which lies at the heart of China’s economic strategy.

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