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The U.S., China, and 'Rebalancing' the World Economy
01/07/2010
'Rebalancing' is the idea that China will consumer more US goods and export less to the US, reducing the lopsided trade imbalance between the two countries. China's government continues its focus on exports and infrastructure in 2009-2011. China's banking system focusses on lending to state-owned companies and the system does not have the attitude, incentives or the mechanisms and experience to increase lending to consumers or small business. Experts say rebalancing is doubtful without serious changes in the banking system and government policy which are not likely.
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New York Times 01.20.2011
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Foreign Shocks Temper America's Export-Led Rebound
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New York Times 04.15.2011
Wall Street Journal 04.21.2011
U.S. Warns China Is Closing Up Again
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No Appreciation for the Rising Yuan
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New York Times 10.02.2011
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Washington Post 10.14.2011
New York Times 10.15.2011
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Wall Street Journal 02.13.2012
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China Urged to Continue Reforms for Growth
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World Bank Chief Urges Reforms for Beijing
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China Speeds Economic 'Transformation'
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