China’s Economic Strategy May Not Sit Well With Its People

China’s Economic Strategy May Not Sit Well With Its People
(Chinatopix via AP)

China’s export machine has shifted up a gear, with global sales close to a record levels in July and August as its manufacturers respond to the demand generated by Covid-19 stimulus programs in Europe and the United States.

With global trade volumes facing a steep fall and prices also depressed, China’s share of world exports, which reached 13.5% last year, is likely closer to a record 16% now, which would be almost double the share of the US.

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