So stop blaming China for exporting so much. Let us hope the rise of China as a leading importer can continue to accelerate and make this rapidly growing economy a balanced locomotive for the world economy. ,
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One should certainly not read too much into statistics for a month or a quarter. The different bases for comparison can mean different stories,
Abercrombie, though a flashing sign that can point to fundamental changes should not be ignored easily.
(China Daily 02/11/2010 page8)
As a developing country with considerable comparative advantages in manufacturing,
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The rapid rise of China in recent years as a leading trade power has unfortunately aroused mixed feelings around the world in spite of its tremendous benefits for foreign consumers.
Related readings:
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China economy to grow 10 percent in 2010: think tank
The record monthly import growth that China registered in January may be insufficient to prove a domestic consumption binge. But the combination of such an imports surge with record sales of more than 1.6 million automobiles in the first month of this year can speak volumes about China's sizzling consumer market.
China's latest trade figures prove these kinds of accusation as simply untrue. In fact,
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Just as German statistics confirmed that China last year overtook this European economic powerhouse as the world's largest exporter,
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Yet,
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To find a scapegoat for their economic woes deepened by the global recession,
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But wait a minute. Aren't they missing the really big story when China's imports rocketed by a record 85.5 percent last month?
That sort of growth is surely impressive given the already huge base of China's exports. Some Western media even rushed to conclude that it makes the case for China to revalue its currency. They insisted that it is the undervalued Chinese currency that fuels China's export growth.
China's exports jumped 21 percent in January from a year earlier,
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