China reports May export surge but European debt crisis likely to hurt trade recovery

[mEDITate-OR:

not find three very good reports on China's trade...

from Canada.

NOT from U.S.

plus two more that you should read.

Europe is NOW far more important to China's current economic situation than we are.

However, as "they" tell U.S. -- be very careful what you ask for.

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China trade surplus soars in May on export boom

http://ca.news.yahoo.com/s/afp/100610/business/china_economy_exports_3

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China reports May export surge but

European debt crisis likely to hurt trade recovery

The 27-country European Union is China's biggest trading partner and Beijing is closely following Europe's debt problems, which are expected to hurt consumer spending.

Exports to Europe were up 34.4 per cent in May from a year earlier while those to the United States rose 24.8 per cent.

China's politically sensitive trade surplus with the United States was $16.7 billion.

http://ca.news.yahoo.com/s/capress/100610/business/as_china_trade_1

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Chinese exports leap putting yuan back under microscope

http://ca.news.yahoo.com/s/reuters/100610/business/cbusiness_us_china_economy_13

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China's May exports up 48.5%

http://news.xinhuanet.com/english2010/china/2010-06/10/c_13343032.htm

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Experts: EU debt crisis unlikely to shake up Chinese economy

http://news.xinhuanet.com/english2010/indepth/2010-06/10/c_13342595.htm

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