Shang-Jin Wei | Beyond Industrial and Trade Policies: Rethinking Causes of China's Current Account Surpluses

While many of China's industrial and trade policies generate distortions and sector-level trade imbalances, their roles in the country's aggregate trade or current account surplus may be more limited. In comparison, many domestic structural factors, particularly a sex ratio imbalance and a distorted domestic financial system, may have played a more significant role in the country's external imbalances than international organizations or popular discussion have paid attention to. This has implications for effective strategies in reducing the external imbalances. --- Event Details: https://my.princeton.edu/rsvp?id=1973704