Sunday, April 17, 2011

Moderation?

http://english.people.com.cn/90001/90778/90861/7352362.html

China's Vice Premier Wang Qishan is advocating a moderation of China's trade imbalance, trying to decrease exports and increase imports. The deficit in trade from the first quarter of 2011 was the first in many years in China, so Wang is attempting to increase domestic consumption. This is possibly the first word of any sort of moderation coming from a top government official.

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