What fuels global trade imbalances: China’s overcapacity or America’s failure to adapt? (opens original article in a new tab)

A Chinese scholar argues that global trade imbalances are due to broader economic adjustment issues, not just China's overcapacity, and highlights the need for global cooperation.

• China's industrial overcapacity is not the sole cause of global trade imbalances, according to a Chinese scholar.
• The US is criticized for not adequately addressing the impacts of trade and globalization on its economy.
• China has reduced its current-account surplus from 10% of GDP in 2007 to 3.7% in recent years.