China's merchandise trade surplus has reached an all-time high and is likely to rise further. A key driver appears to be a policy push to further bolster Chinese domestic manufacturing production, implying the danger of significant overcapacities. China's imbalance between domestic production...

Australia is frequently considered a farming country on the periphery of the world economy, whose exports are traditionally restricted to wheat, wool and dairy produce. However, this conception does not correspond anymore to the present shape of the Australian economy. After World War Il...