Is Chinese trade doing well, or not? Exports for April, reported yesterday, rose 4.1% in yuan terms but fell 1.8% in dollars according to Bloomberg. The true picture though may be revealed by year-to-date data, which removes monthly volatility – local currency exports fell 2.1%. Of more concern is that imports in April fell 10.9%, … Continue reading “China Struggles to Make Progress in Trade in April”
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