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07-11-2011, 10:57 AM #1
China WINS AGAIN - Boosts Lead in Global Exports
Wall Street Journal
BY ALEX FRANGOS
China Boosts Lead in Global Exports
More than a year after China started letting its currency climb against the dollar, the nation is a bigger force in exports than ever, adding to its dominance as a trading power and complicating efforts by other nations to wrest away manufacturing jobs.
The latest evidence of China's prowess came Sunday, when it reported that exports hit $162 billion in June and $874 billion in the first half of the year, both records, up nearly 20% from the year-earlier periods. The growth, which came despite economic difficulties in key markets like the U.S. and Europe and supply-chain disruptions in Japan, ...
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