Chinese manufacturing may overtake us this year

Swedish media said the "Third World" last year really breakthrough experts reminded emerging economies to prevent hot money reflux and inflation risk according to the Xinhua news agency, Stockholm, January 2 (reporter Chen), "The Swedish daily" 2nd reported that the U.S. manufacturing industry in 2011 will lose the last hundred years of the world's first position,　　But it remains strong in the service sector. Global trade no longer relies on the United States the newspaper said that although the new Year's statistics are not complete, but the whole seems clear. The International Monetary Fund's latest forecasts show that emerging markets and developing country GDP grew by more than 7% per cent in 2010, while developed economies overall grew less than 3%. China's economy continues to grow and China's manufacturing sector is expected to overtake that of the US in 2011.　　Not only is China ranked first in world exports, it has become the world's second largest importer. According to the report, 2010 is the "Third World" truly breakthrough year, the global economy at least in trade is not entirely dependent on the United States. In the aftermath of the global financial crisis, the recovery of the world economy has been led by emerging economies, especially emerging Asian economies.　　In the 2011, demand for cars and housing in Asia, Africa and Latin America will continue to be strong, and in the near future the real purchasing power of the US, EU and Japan will fall below half the global economy, with a major tilt towards the south and east. Return of funds to the United States need to be prevented according to Xinhua news agency, Beijing, January 3 (reporter Chepeng Liu Yunfei) After 2010 years of risk bursting the world economy, what will be the situation in 2011?　　Whether the sluggish growth in developed economies such as the US and Europe will continue, how the risk of inflation in emerging economies will be dispelled, whether the global economic imbalances will be further reversed, and what ideas should be followed for the adjustment of the global monetary system ... Chen Fengying, director of the Institute of World Economics at the China Institute of Modern International Relations, argues that the U.S. economy should not be overly seen. Emerging markets should focus on preventing the risk of return of funds to the United States. "If the US economy is better than expected, the return of capital could have a knock-on effect on the prices and currencies of emerging market assets that are already high," she said.　　"Asia needs to guard against hot money risks," she said. On emerging market inflation trends, she noted that the situation was not only in developing economies, but also in countries such as Canada, Australia and Singapore.　　These trends include factors such as strong economic growth in countries, excess liquidity from earlier stimulus policies, rising agricultural labour costs, rising prices of agricultural and sideline products caused by weather factors, and the import of commodities.　　"Quantitative easing" affects hard to eliminate warns Xiang Songzuo, deputy director of the International Monetary Research Institute of Renmin University of China, said that in 2011 the United States will continue to implement "quantitative easing" policy, which will aggravate the global exchange rate turbulence, the impact of international hot money will be a big problem for developing countries. On the impact of the global exchange rate turmoil on China, he said the recovery in advanced economies has continued to slow and the trade dispute between the US and Europe will increase. After the US adopted the "quantitative easing" policy, the external environment for China's economic growth has deteriorated. In this regard, China should make full use of its own advantages, in promoting the EU as soon as possible to recognize China's market economy status and relax export restrictions on High-tech exports to China and promote the internationalization of the renminbi to strive for a difference.