China - High trade surplus 'likely to remain'

[mEDITate-OR:

not see that things are NOT as clear as most of U.S. think they are...

First, China bought a LOT more from U.S. last month, and from Europe.

Total imports to China fell by more than 10%, but not from U.S.

Second, there is NO mention of the U.S. deficit with China.

How much did that increase or decrease?

Third, Get Ready for Christmas..., or are you giving "coal" to your children.

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Exports in July shot up 38.1 percent from the same period last year, bringing trade surplus to a 18-month high of $28.7 billion

imports grew only 22.7 percent year-on-year, at a much slower pace than expected.

Growth in imports fell to 22.7 percent, from 34.1 percent in June

China's imports from the United States and European Union reached the highest since February

rising by 33 percent for US imports and 34 percent for EU imports year-on-year

Exports to South Korea and Singapore accelerated to 40.3 percent and 11.2 percent in July, from 37.4 percent and 8.4 percent in June

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China - High trade surplus 'likely to remain'
http://english.eastday.com/e/100811/u1a5385140.html
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