Dew, Ed; Martin, Jeremy; Giese, Julia; Zinna, Gabriele - In: Bank of England Quarterly Bulletin 51 (2011) 1, pp. 49-56
China’s growth over the past 30 years has been remarkable. In part, that reflects a strategy pursued by many emerging market economies in the past with a focus on expanding exports. More recently, China’s current account surplus has shrunk, reflecting the collapse in world trade during the...