China import rise: A robust rebound in the import levels of a broad range of non-resources during May pushed China’s foreign trade growth far beyond expectations, in a sign that the world’s largest emerging economy is trying hard to avoid slipping into the doldrums. Steve Wang and Lin Wanxia report that the turnaround is also a demonstration of China’s shift from heavy industry toward higher value-added and innovation-driven producers. READ THE STORY HERE
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