China is running a trade surplus that the world economy can’t “live with,” former US President Bill Clinton’s top trade official said, warning its exports would face new roadblocks without fixing the domestic causes fueling the imbalances.
“China is exploiting manufacturing, suppressing domestic consumption, and expects that the world can live with a trillion dollar Chinese trade surplus, which most certainly the world cannot,” Charlene Barshefsky said in an interview with Bloomberg Television in Hong Kong.
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