China's trade surplus reaches record high

But Chinese exporters will find it increasingly difficult to maintain the growth even without a stronger yuan, because the country’s manufacturing workforce is shrinking and getting more expensive.

To many developed economies’ annoyance, China’s trade surplus soared to a record high in July supported by solid growth in exports and modest imports during the month. This is likely to reignite the hot debate over China’s foreign exchange policies and increase resentment towards Chinese exporters who are believed to prosper thanks to the country’s undervalued currency, the yuan, and abundant cheap labour.

China's trade surplus jumped to $28.7 billion last month, the highest since January...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...