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China’s $1tn trade surplus is a problem for Beijing — and the world

The country’s growth model is becoming increasingly hard to sustain

Eswar Prasad

Instead of trying to limit their use, foreign governments should focus on improving confidence in their own currencies

The government could use this moment of stability to rally people around reforms that tackle structural issues

China’s deflating housing market offers an interesting parallel

His policies would cement the US currency’s dominance while undercutting the institutional framework that is its bedrock

A central bank communication strategy is vital if it is to achieve its aims