China “cannot be allowed to export their way back to prosperity.”

China currently has the most imbalanced economy in the history of the world. They now have an approximate 30% share of global manufacturing and they continually grow their manufacturing base. They are in the midst of a real estate downturn.Some may cause a crisis and they are trying to export their way out of it rather than take domestic measures such as increasing consumption, dealing with banking problems or dealing with the real estate crisis. They cannot be allowed to export their way back to prosperity ...