Electronic Information Exports Expected to Hit $390 Billion!
China's Ministry of Information says the export of electronic information products is expected to grow about 14% to $390 billion in '07.
The ministry is encouraging large electronic information companies – computers, survey equipment, communications products to tie up with overseas companies and invest abroad in order to help offset the coming further increase in the trade deficit.
More than one-third (36.5%) of China's total foreign trade goes to the U.S.
Every three months when the quarterly trade imbalance is announced, people in the U.S. will cry unfair, revalue the yuan, dumping….and then go back to buying too much from China and not selling enough.
If the U.S. has something that China wants, at a price the Chinese can pay, and enough of it…then and only then will the trade imbalance begin work itself out.
What do you think is the solution to the trade deficit the U.S. faces with China…what the world faces with China?
Leave a comment!