Lemoine, Françoise; Ünal, Deniz - In: La Lettre du CEPII (2012) 320
China was a major player in the rise of global imbalances in the mid-2000s. If its overall trade surplus has decreased … since 2007, its bilateral surpluses with the U.S. and Europe remain quite large. China’s import demand has mainly benefited … to its Asian neighbors and to raw material producing countries. However, Europe has also taken advantage of China …