Of course, if incoming information last autumn had been pointing to greater momentum in the prospects for economic growth or to a rapid escalation in inflation, then the case for further monetary policy easing might have seemed less pressing. However, such was not the case.
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.