In addition, unanticipated increases in energy and other commodity prices cannot be excluded, despite the recent drop in prices, especially if demand from emerging economies remains strong.
In order for both China and the world economy to continue to reap these benefits, it is essential that China increasingly assumes the global responsibilities that inevitably accompany its growing economic clout. I thank you for your attention. 8  Quotation from the IMF’s press release No. 07/72 “International and Monetary Financial Committee Reviews Multilateral Consultation” (14 April 2007). 6  BIS Review 128/2007