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The offensive of the cheap Chinese products to be reduced?
It is not necessary to strengthen China's currency, due to the trade balance, because China’s exports increase will decline to 10 percent this year and its surplus will be reduced for 2015 – said the trade minister of China.
China’s exports last year increased by about 30 percent, and in 2010, the Asian country became the world's largest exporter ahead of Germany. China permits the gradual strengthening of the yuan, and according to analysts; until the end of this year – 1 USD will worth 6.3 yuan, instead of the current 6.586 yuan – reports MTI.
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