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The era of cheap labour, cheap capital and strong export markets is gone.
China without a strong export sector would not be the China that has grown since 1978.
"They need a strong export sector to be able to get their reforms done," he said.
Strong export prices resulted in sustainable external surpluses, and prudent fiscal management ensured internal balance.
Good news also came from China, in the form of surprisingly strong export figures.
Several also rightly see nuclear technology as a strong export business.
Markets were up in Europe, lifted by a report showing strong export growth in Germany.
The euro area had leant heavily on strong export growth to keep it moving.
In Germany, a slowdown in the services sector was offset by strong export growth reported by manufacturers.
Further sales declines are anticipated but good order cover, including strong export orders (£11bn in 2012), gives resilience.
Strong export growth and a revival in consumer spending are considered a key to a recovery in the United States.
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CEO of Professional Science Editing for Scientists @ prosciediting.com