And that makes exports to China more expensive, and it makes exports from China cheaper.
More important, it is unlikely that other countries will continue to take increasing amounts of exports from China.
He also plans for half of Geely's sales to be exports from China.
As it is, exports from China to the European Union are all down.
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Exports from China to its largest partner, Europe, are sharply recovering, really?
Vehicle exports from China have been out of the news for the past several years, but I believe they will begin to return this year.
"Many of the exports from china come from essentially a cottage industry and that presents a challenge for the Chinese government, and I suspect they will not be able to do a completely thorough job, " said Hubbard, who is also a former FDA deputy commissioner.
Specifically, Paulson wants to see stronger and more efficient capital markets in China, increased domestic consumption and more exports from the U.S. to China.
"We note that there is likely to be illegal gold exports and imports from and to China, " Mr. de Wet said in a note to clients.
For 80 years, Brazil looked first to the U.S. During the past decade, however, its imports from China rose 12-fold, and its exports to China jumped 18-fold.
Jobs will be lost in manufacturing in the developed world, but new jobs will be created, largely because most of the money that China earns from exports is being spent on imports from rich economies.
Now a boom in exports to China is pushing Brazil away from high-value manufactures and back toward commodities.
China also likes to point out that foreign companies, including American ones, produce and profit from much of what China exports.
But it complains that China is dumping diverted exports from depressed Europe.
Japan has reported a wider-than-expected trade deficit in July, as slowing demand from China and Europe weighed on exports.
The UAE also wisely plays a neutral game of multi-alignment with the superpowers: major arms deals with the U.S., massive energy exports to China, and billions in investment from Europe.
It would hasten the reorientation of China's economy from exports to consumer spending, give its central bank more freedom to fight inflation, and divert demand to depressed Europe and America, catalysing an essential rebalancing of the global economy.
On the other hand, strong demand from China has helped Canada's exports of raw materials.
China's merchandise exports have collapsed from 36% of GDP in 2007 to around 24% last year.
The basic economic analysis that a stronger yuan, on a trade-weighted basis, is necessary to rebalance China's economy away from exports is surely right.
And investors were disappointed this week by reports from China showing its manufacturing activity and exports declined again in August, once again raising concerns that its economy is coming down for a much harder landing than has been expected.
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Prior to the fourth quarter, Japan's economy had contracted for two consecutive quarters from April to September, hindered by a strong yen, shrinking exports in Europe and economic damage from a diplomatic row with China.
In January America's imports from China were over seven times greater than its exports to the Middle Kingdom.
Another is the growing competitive threat from China, which is already cranking out cheap exports and is about to join the World Trade Organisation.
Data released earlier this month, showed that China's exports jumped 21.8% from a year earlier, boosted by strong demand from the US and South East Asia.
If the global downturn forces China to switch the mix of growth from exports to consumption, it would also help to make its future growth more sustainable.
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To sustain its catch-up with America, China needs to rebalance its economy away from exports towards consumer spending, which will require a rise in its real exchange rate.
But from where it is now, growing at that pace would mean China transforming itself from a country driven by exports, manufacturing and investment to one centred around domestic services and consumption.
Japan's imports from China have risen strongly, and Chinese and Japanese exports do not really compete.
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