Jury still out on China’s exports dependence.
With China showing tentative signs of an economic rebound, the theory that the world’s third largest economy could detach itself from the whims of the US economy – an idea that looked foolish during the autumn global slump – is being dusted off again.
China’s economy is expected to rebound later this year boosted by aggressive government policies. But whether China can go back to its long-term trend of8-9 per cent annual growth, or whether it is facing a period of relatively sluggish expansion, will depend to a large extent on just how important exports really are.
Financial Times – 16th April
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