“Companies are seeing some of their fastest growth in China, and its profitable growth.”
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“We cant read too much into any one months deficit, and there were a bunch of unusual factors this time. But this shows that the deficit is increasing instead of decreasing. It raises concern that we need to start seeing adjustment in the global trade imbalances soon.”
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“I worry that theres this perfect storm coming for emerging markets.”
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“But at this point, its too soon to know whether China will wait or whether it will allow additional moves [in the yuan] -- and therefore, what the impact will be.”
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