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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The crash of falling China

China, which is now the world’s third largest economy, saw its exports drop by 25.7% in February compared to a year earlier. Imports also fell by 24.1%. This meant that the country’s trade surplus fell from $39.1 billion in January to $4.8bn last month.   China is very dependent on its manufactured exports, and the sudden global recession has seen … Continue reading

Posted by Nigel Tree | Comments Off on The crash of falling China