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Leading economic forecaster Charles Dumas shows how China's surging trade surplus is fueling an economic crisis in the United States and Europe. If China does not take action to correct the balance, the outlook is grim. This is a clear analysis of a global economic imbalance-and how it can be corrected. Charles Dumas has been head of the World Service at Lombard Street Research since 1998 and is one of the world's leading macroeconomic forecasters. He was previously a journalist at The Economist , an economist at General Motors and J. P. Morgan, and then managing director in J. P. Morgan's mergers and acquisitions department in New York.
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