China’s April trade surplus will cause problems with the US

China recorded a trade surplus of $11.4bn or £7bn in April. This was from a surplus of only $140m in March but was about four times greater than analysts had been expecting. Why does this pose a problem for the US? It is because many Americans believe that the Chinese currency, the yuan, is undervalued. An undervalued currency means that … Continue reading

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China back to double-digit growth

The Chinese economy grew by 10.7% year-on-year in the final quarter of 2009. This was the fastest growth for two years and meant that there was a growth in output for 2009 as a whole of 8.7%. The official growth target had been 8.0%.   Gross Domestic Product totalled £3,020 billion in 2009 which put China’s output just below the … Continue reading

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