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Is the trade balance sensitive to changes in foreign prices for imports and exports in China Estimate which quadrant of the SWAN diagram China might

Is the trade balance sensitive to changes in foreign prices for imports and exports in China

Estimate which quadrant of the SWAN diagram China might be operating

What might that predict about the role for policymakers in China

what drives the RER- is it changes in the price of Non tradeables or the nominal exchange rate (in China)

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