Now shopping mall giant (Dalian) Wanda, owned by Chinaâs richest man Wang Jianlin, and Vanke, the worldâs biggest residential real estate developer, founded by the mountaineering-loving Wang Shi, have âstunned the capital markets,â in the words of Chinese news site The Paper, by announcing a âstrategic partnership.â.
The second macroeconomic consideration of increased imports is the impact on exchange rates. As we have shown in the previous section, as U.S. consumers increase their consumption of imports, the supply of dollars in foreign exchange markets rises.
Environment: Second, there's the environmental argument. A recent report (pdf) from Oil Change International agreed that lifting the export ban would probably allow U.S. companies to drill for more oil. But, the report added, this would be a bad thing â because it would increase overall greenhouse-gas emissions.