China continues to bank healthy profits

China’s current account surplus doubled in Q3 from a year before, equalling 5.1 percent of GDP, over the four percent cap suggested by the US Treasury Secretary Timothy Geithner.

In Q3 alone the surplus was seven percent, but the Bank of China says the surplus is on track to shrink to around four. However the IMF says the potential exists for significant surpluses to reappear in the medium term.

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