Ifo said the German current account surplus - which measures the flow of goods, services and investments - was the world’s largest for the second year running in 2017 at $287 billion, followed by Japan with $203 billion. Reuters reports Germany trumps Asia with world’s largest current account surplus China runs a deficit with much of the world. However, China’s overall trade surplus is primarily with the US. The US has an annual trade deficit with China of $375 billion but only $65 billion with Germany.
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