In recent months, we have seen a precipitous drop in Chinese trade growth. This comes from both the export and the import side.
A large part of it is wages. As I indicated two years ago, China has already sucked a large portion of the labour out of its countryside villa...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.