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Why the poor growth data from China can ignite the strong sense of pessimism globally?
On 29 June 2010, the Yen strengthening against the Dollar as investors start their flight of safety after the poor growth data released by China. Why the poor growth data from China can ignite the strong sense of pessimism globally? Please explain the mechanism and chain reaction involve.
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- Kingpin
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- 1 year ago
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Why not? China is already a major factor in the World's economy with 10% global exports and have surpassed Germany as the world’s leading exporter in 2009. China is also a third largest importer and became the world's largest market in automobile sales.
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Because globalisation has paved the way for increased integration though trade and investment where China is a world player, being one of the world's largest exporters, its decline can spur uncertainties in international life and economic activity to some degree. |
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China has become a major play in the world economy with its exports and tremendous growth rate. So obviously any poor growth data from China ignite the strong sense of pessimism globally. |
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Who knows why the data is poor from China. It can be manipulated data to help keep the Yuan pegged low to the dollar |
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