WE NEED YOUR HELP!
Please donate to keep ReaderRant online to serve political discussion and its members. (Blue Ridge Photography pays the bills for RR).
[b]Robust growth in demand for Chinese exports looks set to withstand current tribulations in the American and European economies in the next few months, but the outlook thereafter is bleak. Exporters must find new markets to reduce the pain.
Quote
A slowing global economy on the back of debt woes in the United States and Europe will hurt China's exports in the long run - but not just yet, analysts and industry players say.
Evidence of robust growth in foreign demand for China's goods came on August 10...giving China its biggest trade surplus for two-and-a-half years, reaching US$31.5 billion in July from $22.27 billion in June.... "To ease the negative impact of the downgrading of the United States' credit rating, such as the constant rise of yuan, China should plan to diversify China's huge foreign-exchange reserves, a majority of which are invested in US assets and prepare more flexible macro policies." The most pressing task for Chinese exporters is to open more markets in emerging countries....
Translation : The era of America benefiting, by China keeping all her eggs in the American basket, is ending.
