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He treats divergence between current account and trade account as evidence of capital flight and money laundering mechanisms during recent years.
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Current Account
He treats divergence between current account and trade account as evidence of capital flight and money laundering mechanisms during recent years.
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"How much Chinese actually traded. The blue tracks the current account, okay? How much Chinese have in the bank because of the trade. The..."
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"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...."
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"...is a pretty stark data, okay? So this shows you the current account balance. Current account, current account just basically means how much Chinese..."
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