With the European debt crisis, Japan’s return to recession, and the U.S. fiscal cliffhanger, China’s ability to keep on growing is getting a triple test. This week, both China bears and China bulls can point to numbers that seem to prove their cases. For those downbeat about China’s chances, the grim export figures for November […]
THE port of Barcelona, Spain’s third-busiest, used to handle more imports than exports. This has now turned around, says Santiago Garcia-Milà, the port’s deputy general manager; among many other things, ships are now for the first time taking cars off to China. The European Commission believes that this year exports of goods and services from […]
Can China avoid becoming Japan? In a few decades’ time, we may be talking about how today’s up-and-coming economic superpower is starting to look like the Land of the Rising Sun and Falling Expectations. But before that, another country is first in line: the Republic of Korea. Despite differences in politics and size, China can […]
A hard landing in China could expose a large number of countries to unforeseen consequences and dash hopes of a global recovery. China’s plight also drives the final nail into the coffin of the once fashionable theory of “decoupling”, which argued for an autonomous economic sphere around China that could soar even as the US […]
Despite all the attention the trade deficit receives each month, little heed has been paid to the rapid expansion of U.S. exports, which have been growing nearly three times faster than gross domestic product since 2005. As a share of the U.S. economy, exports are at their highest point in 50 years. Rather than slow […]
China’s 12th five-year Plan calls for a shift in the country’s economic model from export-led growth towards greater reliance on domestic demand, particularly household consumption. Since the Plan’s introduction, China’s current-account surplus as a share of gross domestic product (GDP) has indeed fallen. But does that mean that China’s adjustment is on track? According to […]
Trade between the countries was $75.4 billion in 2011-12, against $59 billion in 2010-11. In 2011-12, exports to China stood at $17.9 billion while imports from there stood at $57.5 billion, resulting in a trade deficit of $39.6 billion. Read Here – Mint
looking beyond borders 