FYI: China is going to export capital, and either the U.S. puts it to good infrastructure use in a ‘Bretton Woods III’ system or the world will face continued poor growth and high asset prices.
Sanjeev Sanyal, global strategist at Deutsche Bank, calls it the Age of Chinese Capital, one in which the world’s largest economy transitions to a consumer-driven model and starts to pump out its massive savings to the rest of the world
Regards,
Ted
http://blogs.reuters.com/james-saft/2014/10/16/bretton-woods-iii-or-bust-james-saft/?print=1&r=
