This may reflect in addition to the large size of its current account surplus at least two factors first the scope for boosting chinas low consumption rate appears large by international standards as shown in the third section of this chapter what does rebalancing mean for asian economies second chinas economic dynamism including the fact that china has recorded very high import growth rates for consumer goods about 15 percent per year over the last 15 years . Rebalancing growth in asia economic dimensions for china author editor vivek b arora roberto cardarelli publication date february 15 2011 summary asias recent economic performance has been remarkable. Carnegie hosted a panel discussion to address the sources and trajectories of these economic imbalances with vivek arora of the international monetary fund imf presenting the findings of a new book rebalancing growth in asia economic dimensions for china min zhu also of the imf and former deputy governor of the peoples bank of china offered introductory remarks. Rebalancing growth in asia economic dimensions for china edited by vivek arora and roberto cardarelli washington dc international monetary fund 2011 xvii 162 pp 3000 paper transforming the chinese economy edited by cai fang leiden boston brill 2010 xxxvi 353 pp 17900 cloth volume 71 issue 1 carl riskin. Asias recent economic performance has been remarkable however the rapid growth that asia has experienced cannot be taken for granted this volume analyzes asias need to rebalance its growth model toward domestic demand and what that rebalancing would entail it discusses the nature of the challenge across economies in the region