Wednesday, December 10, 2008

The Great Adjustment (a continuing series)

. Wednesday, December 10, 2008

China's exports dropped significantly in November, but their imports fell by an even greater margin, so their current account surplus expanded. This is likely due to the fact that many of China's imports are inputs for production rather than finished goods for consumption. This was reflected by a sharp drop in China's producer price index.

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The Great Adjustment (a continuing series)
 
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