By Edward Hugh: Barcelona Earlier this week Brad Setser was opining on his blog : “Like everyone else, I am curious to see what China’s May trade data tells us. If China truly is going to lead the global recovery, China needs to import more – and not just import more commodities for its (growing) strategic stockpiles.” Well Brad need restrain his curiosity no longer, since just this very morning we have learnt that: China’s exports fell by a record in May as the global recession cut demand for goods produced by the world’s third-largest economy

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China’s Imports and Global Recovery – Brad Setser Need Be Curious No Longer