Re: The Long March From Yenan to Barclays
On Jul 25, 2007, at 6:20 PM, Marvin Gandall wrote:
According to US International Trade Commission statistics, China is
the US’s fastest growing export market and is expected to overtake Japan as
it’s third largest this year. Despite its yawning and widely-publicized
trade deficit with China, merchandise exports to China still rose by 187%
between 2001-06, from $19b to $55b, a pace far outstripping exports to the
US’s other major trading partners.
187% from a low base! The U.S. deficit with China was $84 billion in
2000, and $233 billion in 2006. At that rate of growth it will take
until 2067 for the U.S.-China trade to balance.
Doug