“Strathclyde Associates” Taking A Look - China’s Economy Part Two

“Strathclyde Associates” Taking A Look - China’s Economy: China ran its first monthly trade deficit in six years in March.

With imports of commodities surging in February, China swung to a trade deficit of $7.24 billion in March from a surplus of $7.61 billion in February. The cumulative trade surplus for the first quarter of 2010 was down 77% from a year earlier, to $14.49 billion.


In a parallel move, which will have a far reaching impact on the yuan is that China is encouraging exporters to invoice in the renminbi and is setting up systems to allow trade payments in renminbi.