Mar,+Derek+15


 * China's Export Business Rises**

On Wednesday March 10, 2010, there was a report made about China and their export business. Their export business has risen up by about 46% in February compared to that of last year's export business. Their growth is the fastest growth in three years made by one country. Also, in addition to their exports going up, their imports also went up by about 45% during the month of February. Their growth has increased the pressure on China's government to increase the value of the yuan, their currency. The US has complained about the yuan and how it is undervalued. An explaination for China's growth in their import was because of some of China's government and their economic stimulus spending. Their spending was mainly used on imported iron ore and other materials for construction projects. For 18 months, China has kept their yuan value at the same level as that of the US dollar. The yuan's value has helped China with their exports because of the yuan's low value has helped make trades with China's western partners.

Sources: BBC:http://news.bbc.co.uk/2/hi/business/8559088.stm Al Jazeera English: []

Some similarities that I noticed was that they had the same quote from the same person, Zhou Xiaochuan, the governor of China's central bank. Also I noticed that both articles had similar titles. The both talked about the US and their complaint towards China's yuan and the low value of it. Some differences that I noticed that the AJE was a little more specific about the statistics because it was like "45.7" or "44.7" for the export and import percentages. BBC was a little more general and rounded their statistics that they got on China. Also the BBC article had this one quote that the AJE article didn't have on Ren Xianfang, IHS Global Insight, that was about this raise in imports and exports might reconsider China's value on the yuan.

My opinion on the article was that it was good for China to get their import and export business back up and running well again. I thought China's approach of valuing the yuan was very smart because the governor of China's central bank because the economy is still a little shaky around the other countries so he didn't want to raise it up. He decided to take a wait and see approach which I thought was good because anything can happen and could impact the economy around the world and change everything. I would have the yuan just a little higher value than the US dollar because the US dollar is pretty weak and the yuan should just have a little higher value because China's economy is pretty good I think.