An article in USA Today reports on the large drop in China's February trade surplus. The great news is that imports from the US increased 31% for the month.
http://www.usatoday.com/money/economy/trade/2008-03-10-china-trade_N.htm
The rise of the RMB versus the US dollar seems to be the main driver of the changes. Also, the February storms surely had some impact on Chinese exports.
At OPSA we've discussed starting a new division or business to help our clients and other companies begin selling in the Chinese market. Like in our current business, there is lots of competition in that business. However, with the exchange rate going the way it is now may be the time to start working on it.
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