From the Financial Times: “China economyOne tangles with the estimable Martin Wolf at one’s peril. However it is hard to agree fully with his view of China’s role in unwinding the problems in the global balance of payments.
In a recent series of columns, the Financial Times’ chief economic commentator lays out with his usual lucidity the extent, causes, and solution to the current global imbalances, under which an ever-expanding US current-account deficit mops up an ever-expanding savings surplus in most other countries.”
