Yin and yang

…the surge in imports suggested that domestic demand was holding up, a major goal for China’s policy makers, who are trying to reduce the economy’s dependence on trade and investment in favor of more self-sustaining domestic consumption.

via Commodity Imports Rise, Giving China Good News – NYTimes.com.

Indonesia and other countries in Southeast Asia have been hurt by their dependence on slower-growing China. They have also been hit by China’s gradual shift away from industries dependent on commodity imports from Asian neighbors, like steel production, and toward service industries.

via Muted Fears of Contagion as Asian Currencies Fall – NYTimes.com.

 

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