Chart of the Week: Chinese and World Exports
Chinese exports, which were growing 10% faster than world trade in 2002, are now growing nearly 20% faster, according to Charles Dumas of Lombard Street Research. Asian surpluses contribute to the US deficit “problem.” The dollar-yuan currency contains the undervalued yuan as well as the overvalued greenback.
Chinese and World Exports (12 month MA, Y/Y)
Source: Lombard Street Research
Dumas believes China is slowing, and will likely to suffer a hard landing. Rapid export growth - even unfairly rapid export growth - will be welcome in 2005.
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Monday, November 29, 2004 | 03:55 PM | Permalink
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