Category Archive: China
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The NY Times Is Misleading. And Who Is Correct? Eurostat or China Customs?
The NY Times reports quite a dire situation as regards the slump in the value of Chinese exports to the European Union in July: Data published this month showed that China’s exports to the European Union had sunk 16.2 percent in July to $29.4 billion, compared with July 2011. This statistic (bolded by yours truly) [...]
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Baby Steps
In the FT today, Martin Wolf discusses the symbiotic relationship of global creditors and debtors. According to the September 2011 IMF World Economic Outlook, China ran the largest current account surplus in 2007, while the US ran the largest current account deficit (in $). Well, if this creditor-debtor relationship is to become more ‘balanced’, then evidence [...]


