在1700年世界上最大的经济体(并且是最大棉花生产国)是印度，其人口为16.5千万，紧接着是中国，拥有人口13.8千万。
In 1700 the world's biggest economy (and leading cotton producer) was India, with a population of 165m, followed by China, with 138m.
而紧接着是引起的一大串问题：一些国家该怎么办，例如拥有资金的控制权中国，它如何在本地货币和美元主导之间的选择呢？
This raises a bunch of practical questions: what to do about countries, like China, with capital controls and how to choose between local-currency and dollar-denominated debt?
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