The Chinese locomotive

The rapid rise of China in recent years as a leading trade power has unfortunately aroused mixed feelings around the world in spite of its tremendous benefits for foreign consumers.

To find a scapegoat for their economic woes deepened by the global recession, some Western politicians have been trying to portray China as a mercantilist stealing their domestic jobs.

China's latest trade figures prove these kinds of accusation as simply untrue. In fact, the world appears to have good reason to put more faith than ever in the Chinese locomotive to help sustain the global recovery by adding to global demand.