> This is by itself meaningless. As you know, Great Britain ran an
> enormous current account deficit vis-a-vis India in the last decade of
> the raj, leading to a massive Indian capital accumulation (in pounds,
> which Keynes saw to it were blocked). In that case it was a sign of the
> imperialist relationship - the ability to run a massive current account
> deficit paid for by printing pounds. There is some similarity with the
> US today. But to say anything interesting you would have to go way
> beyond this sound bite about the current account deficit.
You mean China is a US colony as the India was a British colony?
Ulhas