Everyone nowadays seem to think, and I agree, that there will be no export growth to western countries for China goods. The 50% rise of export is a surprise. Many doubt the data, however I talked to some people in export field , they kindly confirmed that number.
Could be western buyers accumulate alot of chinese goods in anticipating yuan to rise? that seems possible. But then how you explain the surge in import to China as well?
This news is significant. all the talk of great depression 2.0 is nonsense?
Could be western buyers accumulate alot of chinese goods in anticipating yuan to rise? that seems possible. But then how you explain the surge in import to China as well?
This news is significant. all the talk of great depression 2.0 is nonsense?