Poll: Current Account Targets Best Way for Rebalancing?

Discussions on setting targets for current account balances are expected to take place at the Group of 20 summit in Seoul on Nov. 11-12.

U.S. Treasury Secretary Geithner said on Saturday that while there is now broad consensus to develop some form of policy framework to avoid excessive imbalances, detailed limits should not be expected from the Seoul summit.

At a meeting of finance chiefs from the Asia-Pacific Economic Cooperation (APEC), Geithner denied widespread reports that the U.S. was pushing for a target of about 4 percent of GDP.

So far, Canada has said it wants the G20 to agree to targets for current account imbalances, but Australian Treasurer Wayne Swan last week, cautioned against a "one-size-fits-all" approach.

Vote to see results
Total Votes:

Not a Scientific Survey. Results may not total 100% due to rounding.

What do you think about the issue? Share your thoughts in the poll below.

- Reuters contributed to this report.

Contact Asia News


    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Asia Video

  • For many foreign firms in China, the business environment isn't what it used to be. Apart from a slowing economy, there is also a perception that international companies are being targeted by the country's regulators.

  • One of Chinese President Xi's priorities has been to rebuild public trust in the Chinese government and the Communist Party by purging them of corrupt practices. Has he succeeded?

  • In this episode of "Inside China", CNBC's Eunice Yoon takes a look at the issues that will shape China in the coming year.