Apr 17, 2012

By Sean Genung, guest writer

China is currently forming policies that will raise wages so that they will boost the amount of money spent on consumer products. This may have the effect of increasing U.S. exports to China as the Chinese are eager for unique US products, as Apple’s success there demonstrates. This would improve the trade deficit. Exporting products is one of the largest potential sources of growth for our economy. China has become our “third-largest and most rapidly growing export market by a long shot”, according to Stephen Roach.