| @ lin: Actually, exports account for approx. 40%, imports ~30%. Consequently, net export is ~10%. For further reference, s. this article: http://www.economist.com/finance/displaystory.cfm?story_id=10429271 I can't tell whether Jonathan Anderson is right or wrong, but his remarks sound quite logical to me. But your objection is still reasonable for I overlooked that the currency problem will cause exports to sag but imports likely to increase. So this indeed adds some significant upside risk for rising unemployment. |
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