China's exports surged to 15% world share | Bloomberg

Discussion in 'China' started by Martian, Aug 19, 2015.

  1. Martian

    Martian Respected Member Senior Member

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    China, Citigroup Agree: There's No Need for Big Yuan Devaluation | Bloomberg

    [​IMG]
    "While China’s exports are slowing, they’re still edging out competitors. The country’s share in global exports surged to an unprecedented 15 percent this year, from 8.7 percent in January 2010, according to data compiled by Bloomberg. The ratio increased even as the inflation-adjusted yuan rate appreciated 33 percent against its major trading partners.
    ...
    Chinese exporters are resilient amid the yuan’s appreciation partly because it’s difficult for companies to replicate the manufacturing system, including infrastructure, supply chain and skilled labors, in other countries, according to Alex Wolf, an economist for emerging markets at Standard Life Investments Ltd.
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    The importance of overseas shipments as an economic growth driver has been declining. Exports accounted for 23 percent of the economy last year, compared with a peak of 36 percent in 2006, according to the World Bank."
     
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  3. ezsasa

    ezsasa Senior Member Senior Member

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    @Martian why don't you post some positive articles on india coming out of china, i'm pretty sure the party would have started building pro-india narrative internally by now.
     
  4. amoy

    amoy Senior Member Senior Member

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    Chinese Yuan has devaluated steeply lately. That's triggered other Asian currencies like Vietnamese Dong to dip as well.

    That may boost Chinese export.

    ~Tapa talks: Orange is the new black.~
     

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