TITLE

Trade imbalance poses risks

AUTHOR(S)
Kamalick, Joe; Gibson, Jane
PUB. DATE
July 2006
SOURCE
ICIS Chemical Business;7/24/2006, Vol. 1 Issue 29, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article deals with the growing economy of China and its benefit to the U.S. In July 2006, China reported another record trade surplus with the leading economies of the developed world, reaching a whopping positive balance of $14.5 billion in June. Part of China's huge trade surplus is attributed to its artificially undervalued currency, the yuan. The U.S. Council for International Business recognises the huge business growth value of China's booming economy to U.S. firms.
ACCESSION #
21855427

 

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