INTERNATIONAL TRADE: China’s aggressive trade strategy pays off*

China has been able to increase its exports and accumulate massive foreign-exchange reserves by ignoring free-market orthodoxy and ruthlessly pursuing its national self-interest, reports former Australian senior trade negotiator Colin Teese.United States pressure is mounting on China to relax its iron grip on the Chinese currency. This is not altogether surprising, given that the US economy could be heading towards a downturn – some even hint at the possibility of recession.But that’s not the on…

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