Germany has finally surpassed China, and now has the world’s largest current account surplus; $202.9 billion according to The Economist. But the US has an even more impressive achievement; the world’s largest capital account surplus; and astounding $473.4 billion. Germany may produce nice cars, but no one can beat our assets.
China may have lost it’s trade supremacy, but it will soon have the world’s largest building:
“Have you seen the world’s biggest building yet?” shouted Stephan Wurster, an affable 38-year-old Stuttgart native who moved here in December after three years in Beijing. Both he and Kamaljot Singh Panesar, a goateed British architect at the table, have offices in development zones mushrooming on the plains south of Chengdu, not far from a half-completed behemoth called Ocean Park. Under a single roof covering an area of about 25 football fields, Ocean Park is designed to include hotels, shopping malls, aquariums, amusement parks and a simulated ocean with a white-sand beach. (The ultimate “Truman Show” touch: the 660-foot-wide video screen that will allow beachgoers to enjoy brilliant digital sunsets, even when clouds and pollution block the real thing.)
I love Chengdu—can’t wait to visit and see that sunset!
PS. I’ll be traveling and won’t have much time to blog for a few days.