This colossus is now the world’s largest exporter and second largest importer (after the US), unless the European Union is treated as a single unit. It has the world’s largest trade and current account surpluses and owns a third of world currency reserves. Its flow of savings is the world’s biggest. It is the largest importer of many commodities and the price-setter for many products. China’s influence is, in short, both pervasive and growing. Yet it is also a developing country ruled by the Communist party. This is an unprecedented combination...
More :
www.ft.com/cms/s/0/9ba6d850-54c2-11e0-b1ed-00144feab49a.html
By Martin Wolf
Published: March 22 2011
More :
www.ft.com/cms/s/0/9ba6d850-54c2-11e0-b1ed-00144feab49a.html
By Martin Wolf
Published: March 22 2011