China's looming current account deficit will have consequences for everyone: deVere

Investors need to mitigate the risks of China's looming current account deficit, coming at a time of ballooning US budget deficits, a senior international investment strategist at deVere Group said today. The stark observation from deVere Group's Tom Elliott comes as the escalating trade war between America and China - the world's two largest economies - threatens to curb Chinese exports, accelerating the Asian powerhouse's lurch towards a current account deficit. He explained: "China has spent the last two decades turning its trade surplus into purchases of overseas assets, from US T...