, FOCUSING ON IMBAL-
ANCES IN THE GLOBAL ECONOMY, AND CHINA’S CURRENCY REGIME
MAY 26, 2005
Printed for the use of the Committee … imbalance of trade
with China to be a significant concern.
The U.S. current-account deficit hit a record $666 billion last
year ….5 billion while the
value of China’s reserves were at $223.5 billion. While some may
argue that these numbers are a natural …