World should brace for impact of rising Chinese exports, report warns


Responding to an increasingly pressing array of financial issues, Chinese authorities are likely to have to devalue the renminbi and boost exports, which could have a serious impact on the rest of the world, a report by Smithers & Co has warned.

China's economy has been claiming an ever greater proportion of world output in recent years, to the point where nearly 25% of global GDP is produced in China. With the Chinese economy still geared for exports, changes in the trade balance can thus have

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