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Can currency diplomacy address the global imbalances that have featured on both the Group of 7 and Group of Twenty agendas this year? And can the US and the EU finally align their strategies to tackle China's overcapacity? Brad Setser of the Council on Foreign Relations and Sander Tordoir of the Centre for European Reform join Jessie and Charles in Bangkok, Thailand, to discuss China's trade surplus, the limits of currency policy, and who bears the cost of closing global imbalances.