China's Current Account Surplus Is Likely Much Bigger Than Reported
by Brad W. Setser
by Brad W. Setser
Thomas J. Duesterberg writes: Altogether, the various proposals work to weaken China’s attempts to reinvigorate growth by relying on increased trade, attracting more Western capital, and acquiring technology illicitly to increase competitiveness in industries of the future. These proposals will limit Chinese access to Western capital, which the PRC needs for its faltering financial sector and government balance sheets. The measures will also hinder China’s access to Western technology while limiting the PRC’s drive to displace Western industry in global markets. – Hudson Institute
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