China ‘gradually decreasing import dependence’
However, Fed research says reliance on export markets precludes any de-linking from global economy
China is easing its dependence on imports but still relies on exports to drive growth, according to research from the US Federal Reserve Board.
In the paper, published on 2 February, Francois de Soyres and Dylan Moore observe that growth in imports has been weaker than export growth over the past five years. They argue this “could be an early sign of increasing self-reliance”.
“It seems that the recent subdued import performance in key sectors comes from the combination of both a smaller reliance
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