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

dollar-and-renminbi

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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