China’s Trade Surplus Passes 2006 in 9 months – Christmas Coming
China's trade surplus with the United States in the first nine months is already greater than all of 2006 – $185.65 billion.
And Christmas is still coming…you know, all the presents and stuff.
September was down from August by $1 billion but UP 56% over last year.
China's trade surplus last year was up 74% over 2005 – to $177.47 billion.
Exports were up – 27%
Imports were up, too – 19%.
The trade volume between the two giants – consumer and factory – is expected to hit $2 trillion compared with $1.76 trillion last year.
China has restrictions on exports of natural resources leading to a drop of 49% in exports of crude oil.
Imports, however, were up 14%.
What is it that the Chinese would like to buy from the United States for Christmas that might equal the imbalance out?
A large fleet of Boeing 787s maybe?
How about our space program?
China would love to have likes of Unocal and Seagate for Christmas but is probably going to settle for more T-notes. Sub-prime mortgage contracts was on the list too but the communists weren’t fooled.
Leave a comment!