China’s role in the global economy has changed completely
China’s role in the global economy has now changed completely from its role in the past, since China is no longer contributing to: Global disinflation, since its export market shares are no longer increasing: Global growth, since its imports are no longer increasing; The financing of public debt worldwide, since its foreign exchange reserves are no longer increasing. The interactions between China and the rest of the global economy are therefore markedly less significant than in the past.