Cameron urges China to correct 'dangerous' trade imbalances

Globalisation could “go into reverse”, harming economies around the world, unless China acts to correct dangerous trade imbalances, British Prime Minister David Cameron warned today.

On the eve of a G20 summit at which Beijing will face pressure to allow faster appreciation of its yuan currency, Mr Cameron warned that the massive surpluses created by China’s export success had created “a dangerous tidal wave of money” sweeping around the world.