Companies are seeing some of their fastest growth in China, and it's profitable growth.
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We can't read too much into any one month's deficit, and there were a bunch of unusual factors this time. But this shows that the deficit is increasing instead of decreasing. It raises concern that we need to start seeing adjustment in the global trade imbalances soon.Kristin Forbes
But at this point, it's too soon to know whether China will wait or whether it will allow additional moves in the yuan -- and therefore, what the impact will be.
Kristin Forbes
I worry that there's this perfect storm coming for emerging markets.
Kristin Forbes
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