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China's High Trade Surplus To Support Yuan: CICC

CHINA PRESS
MNI (Singapore)

China’s export growth may continue to decelerate, but import growth will also lag, which will maintain a high trade surplus and support the yuan, according to a report by state-owned investment bank CICC. This will leave room for further monetary easing. With overseas inflation much higher, other countries still have the incentive to buy from China. However imports will continue to be dragged down by the pandemic and real estate market downturn, the report said.

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