Is China Too Big For The World?

It is time to end protectionist Chinese currency manipulation. This is not free trade.
If the natural balancing of currencies had occurred, we would not have had the extreme excesses that have caused the financial meltdown.

China may be the rare case of a modern, fast-growth economy that has turned the terms of the trade against itself. China has elevated hundreds of millions of people above the absolute poverty level and will continue to do so in the years to come. great job done China and if it is "turned the terms of the trade against itself" then it is a small price to pay although I am not aware of what it means. Terms of trade had been changing forever and every few years when dominant trade partners seem to lose position then rules get manipulated to retain advantage. Every country does it to own advantage. Japan restricted importation of cars in many ways until they were strong enough. USA will exercise Jones act to their advantage. The world goes on but we need to make sure those left behind are being taken care of. in these days the rich or exrich are being helped more-it seems. the poor around these days have lost a notch or two. China it trying hard to make sure their poor continues to move on and spending billions to help situation. The money is not going to rich but to bring overall situation into order. The actual number is bigger than reported as provincial budgets and private sector are not counted. bc

There are numerous brain-storming sessions taking place everywhere, everyday. The object is to allow as many people (young and old, expert and layman) as possible to air their views or opinions -- no matter how crazy or far-fetched they may appear to be. It is precisely such seemingly creative activity that allows people to formulate new concepts and paradigms.

Apparently this notion of Black Swan is eye-catching. However, to surmise that China is too big for the global economy and that it has turned the terms of trade against itself can be quite misleading. This obviously needs further clarification.

China is said to have accumulated more than 1.3 trillion dollars in foreign reserve, a large portion of which goes to support the greenback and keeps allowing the Americans to enjoy a high standard of living.

Nevertheless, it is timely (yet pertinent) to suggest that China ought to be given a voice and representation in multilateral discussions on policy coordination. And that indeed will be a real smart move.