may pose problems for economic development."and moving towards more internal consumption will also help solve the imbalance in the external side," volcker said.the central bank`s su also identified the balance of payments as one of the problems nagging china`s economy.china`s foreign trade surplus hit us$109.9 billion in the first nine months of this year exports jumped by 30.6 per cent year-on-year in september to us$91.64 billion.
"it is in the interests of china itself and the world that it moves away from excessive reliance on exports," said volcker, who once headed the un`s independent inquiry committee into its oil-for-food programme.the former us federal reserve chairman suggested there should be more restraint on the monetary side.
"there are many instruments to do that," he said, without going into detail.