With 45% export rise, China’s external surplus might balloon again in the second half of the year
Peter Oberois
Jul. 11, 2010

Chinese exports spiked according to recent data by 45%. This leads to the speculation that China’s external surplus might balloon again in the second half of the year.

The Chinese exports boom defied the earlier prediction that the exports will slow as the world economies face recession and unemployment.

China needs close to 25% increase in exports every year to absorb its workforce that lose jobs from the inefficient Government sectors.

This puts deep pressure on Chinese currency and demands for its natural appreciation in the world currency markets.

With 45% export rise, China’s external surplus might balloon again in the second half of the year
Peter Oberois
Chinese exports spiked according to recent data by 45%. This leads to the speculation that China’s external surplus might balloon again in the second half of the year.
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