In absolute terms, according to the available national income statistics, China is in fact now the world’s largest saver. Its gross national saving, at an estimated $ trillion, exceeded that of both the United States and the euro  1  2  These and subsequent trade figures refer to merchandise exports.
BIS central bankers’ speeches  area in 2010.2 Its gross investment is also the world’s largest – at an estimated $ trillion in 2010. The gap between these two figures – around $ billion – is of course China’s current account position. That is the extent to which China, in net terms, exports capital to the rest of the world.