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20 August 2011


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michael wang

very good analysis, and thanks for clarifying the myth that is China's total dependence on selling into the US market.

John Ross

@ Account Deleted

The answer is because the GDP growth in the chart is in current dollars although Japan's economy did not grow in constant price terms the exchange rate of the yen went up and this meant its market expanded in current dollar terms.

Account Deleted

Wait, take a look at Figure 3...if Japan had such slow growth in the past year, how can it still by #4 in terms of overall dollar-denominated growth value?

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John Ross

  • Is Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China

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