Indonesian officials detailed additional plans to tax mineral exports from the resource-rich country, compounding worries that government policies could slow the flow of investment.

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This puts additional pressure on China to increase its exports, but that is not possible in a world of collapsing demand, both in developed and developing nations.

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Other things equal, those excess dollar balances will put downward pressure on the dollar relative to foreign currencies and stimulate those additional foreign imports and U.S. exports.

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In Indonesia, a fast-growing market where we have been steadily increased our exports, President Yudhoyono and I discussed ways to encourage additional trade and investment between our nations.

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However, the target date to increase the exports to 40 bcm has been pushed back to 2015 because the construction of an additional pipeline has been delayed.

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That is because increased contributions to growth from private consumption and investment, which boosted expansion by an additional 1.0 and 0.7 percentage points respectively, were enough to offset the declining contribution of net exports.

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