The art of Chinese balance

It's too early to say whether China is achieving the accounts balance so many are pressing for. But if it does, Asian trading partners will face significant headwinds, and opportunities.

The sharp reduction in China’s current account surplus over recent years has ignited a flurry of speculation about whether the world’s second largest economy has achieved the fundamental, economic rebalancing which many have been pressing for. That is, rebalancing in terms of reduced dependence on exports, and increasing reliance on the domestic market by boosting consumer demand.

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