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China to see trade surplus widen in next few months, said CICC

Many believe that China is going to see the first annual current account deficit in 25 years in 2018 after it registered the first quarterly trade deficit in the third quarter last year, amid a domestic economic slowdown and trade tensions with United States.

However, China International Capital Corporation (CICC), a premier investment bank in the country, wrote in its latest research note that that will not happen and China's overall trade surplus and current account surplus will widen in the next few months because of weakening domestic investment and demand.

"China's goods trade demonstrates an obvious seasonal . . .

 

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