Gap between trade flows and financing flows that Jiang reads as potential capital leakage.
Topic brief
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Current-account/trade-account divergence
Gap between trade flows and financing flows that Jiang reads as potential capital leakage.
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Key Notes
Timestamped Evidence
"...2022, it tracks pretty closely. But starting in 2022, there's this divergence, a huge divergence. You know about $500 billion a year, guys. Why..."
"So in other words, what's really driving China's export mania, a lot of this is money laundering. as people try to flee the country...."
"So now you have this divergence where, okay, you have the Spanish empire, and because of their wealth, they became, um, lazy, insular, and..."
"...the, this is the, this is the, this is the major divergence between the French Revolution and the American Revolution. The French Revolution, it..."
"...by the time you hit the Greeks, there was now this divergence between those who believed that the universe revolved around the sun and..."
"...so voluntarily, all right? So as you can see, there's tremendous divergence. There's tremendous diversity within the Protestant faith, and it still continues today,..."
"...first question is, how did this happen? Why was there this divergence? Second question we're going to look at is, what ended the Islamic..."
"...Chinese. Okay? Does that make sense? That's why there was this divergence between Greece and China at this time. Because China, literacy was monopolized..."
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