Inflation Or Deflation, China Or US Goods?
For the month of May 2021, China’s General Administration of Customs believes the total US$ value of exports exiting that country was an impressive-sounding $263.9 billion. Compared to the US$ value of exports sent abroad in May 2020, this was a 27.9% increase. But base effects; exports in May 2020 had been a little more than 3% below those in [...]
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