In China we trust. It is China's appetite for other countries' goods that has driven the markets' recovery of the past year. This is also behind the economic recovery various countries have enjoyed.
But the global impact of China's buying is growing controversial.
The weekend brought the news that China's imports hit a fresh record in December, slightly exceeding their peak from the summer of 2008. Chinese exports also rose strongly and are now only 4.4 per cent below their peak.
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