By Stan Abrams (Guest Post)
Well, whether China’s trade numbers bother you depends on who you are, I suppose. If you live in a country that lives in fear of cheap Chinese imports, you have nothing to worry about. Three reasons: (Chart added by EconMatters) I. Surpluses Don’t Last Forever China’s currency is now at less than 6.42 to the dollar, a new high for the RMB. Exports are strong, but as the currency’s value rises, those products become more expensive. Strong trade numbers also bolster the arguments of folks in the government here arguing for continued revaluation, who can say…
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