Sharp Decline in Chinese Exports

From the NY Times:

Government statistics show that Chinese exports slipped 2.2 percent in November when calculated in dollars, after seven years of rapid growth. But figures in dollars do not come to close to capturing the real depth of the downturn.

Convert the export figures into China’s own currency, a much better measure of the effect on China’s economy, and exports plunged 9.6 percent last month. Factor in inflation over the last year and the plunge was 11.4 percent.

Indications are that the December data will be even worse.

What measures will China take to protect its exports and will they conflict with our own policies?