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China: The Shrinking Trade Surplus
[private]China’s trade surplus is likely to fall further in the months and years ahead (our current estimate for 2011: $165 billion), on account not only of higher commodity prices but more importantly of the policy shift underway, which privileges private consumption spending at the expense of the export sector through a gradual realignment of the real exchange rate.
3-10-11–EMG INDICATORS AND INSIGHTS _China’s Trade_[/private]