Biz, World: Exports: China’s focusing less outward, more inward
- $1.02B China’s trade deficit in the first three months of 2011
- $140M the trade surplus China had in March alone, which is tiny, by the way
- seven years since China last had a quarterly trade deficit source
- » Less global, more domestic: You can blame the decline on two things. First, as global economies (particularly the U.S. and Europe) start to improve, there’s less of a need to import things, creating lower demand. And secondly, in the face of criticism about its exports-first economic policy, China is giving its own domestic economy a little more love. So exports are down in China, but that’s because they’re becoming less reliant on exports.