Drop-In: China Shock 2.0 and the return of global imbalances

China's rapidly expanding trade surplus is the clearest sign of a widening in external imbalances on a scale not seen since the mid-2000s. But how much of a risk do they pose to global macro stability, how long will they persist, and how disruptive would any adjustment be? We brought together a panel of senior economists on Thursday, 8th October for an online briefing. During this session, they answered your questions while discussing topics including:

• The forces driving China's export strength, and why its trade surplus could widen further
• The economies and sectors most exposed to the second China shock
• How today's imbalances might eventually adjust, and what that would mean for trade and capital flows