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Christian Louboutin Pumps sale On December 22nd European Union governments voted to extend anti-dumping duties on shoes imported from China for another 15 months.
Foreigners insist that the main reason for China's growing market share is that the government in Beijing has kept its currency weak. But there are several other reasons why China's exports held up better than those of its competitors during the global recession. Lower incomes christian sale encouraged consumers to trade down to cheaper goods, and the elimination of global textile quotas in January 2009 allowed China to increase its slice of that market.
How high could China's market share go? Over the ten years to 2008 China's exports grew by an annual average of 23% in dollar terms, more than twice as fast as world trade. If it continued to expand at this pace, China might grab around one-quarter of world exports within ten years. Louboutin Boots That would beat America's 18% share of world exports in the early 1950s, a figure that has since dropped to 8%. China's exports are likely to grow more slowly over the next decade, as demand in rich economies remains subdued, but its market share will probably continue to creep up. Projections in the IMF's World Economic Outlook imply that Christian Louboutin Sandals China's exports will account for 12% of world trade by 2014.Its 10% slice this year will equal that achieved by Japan at its peak in 1986, but Japan's share has since fallen back to less than 5%.