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?
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13/10/2007
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.