China's current account surplus has declined to around one-quarter the peak reached before the global financial crisis …. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward … investment so that it is now an even higher share of China's national economy. This increasing reliance on fixed investment as …

China and India already rank among the world's largest economies, and each is moving rapidly toward the center stage of … the global economy. In this process, different priorities have been placed on economic reforms over the past two decades?China …