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.
IPE @ UNC
IPE@UNC is a group blog maintained by faculty and graduate students in the Department of Political Science at the University of North Carolina at Chapel Hill. The opinions expressed on these pages are our own, and have nothing to do with UNC.
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Wednesday, December 10, 2008
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