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If you any economic theory which would make it useful for a country to have huge current account surpluses forever, I could agree, that it is arbitrary to assume, that things change from alone, but I have never heard of that.

Mercantilism.

For that matter, there is no real reason to assume that the Chinese government considers economy to be overridingly more important than other strategic interests. That kind of thinking is a Western(TM) peculiarity. It's entirely possible that the Chinese leadership is perfectly content with having lower than possible economic efficiency if that means that it will have a more solid grasp around the balls of several other major powers.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Feb 21st, 2008 at 10:36:38 PM EST
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