Saturday, October 16, 2010

China's September exports up 25.1%; trade surplus hits 5-month low

[mEDITate-OR:
not see that while ALL of the countries listed below had increased trade...
EU, Japan and China's neighbors growth was larger then for U.S.
and that does not take into account all of our Christmas toys & trinkets delivered to WalMart.
And, how soon we forget, that only a few months ago the EURO had collapsed and for China the loss of exports to their largest market was looming over and in addition to the beginning of a double dip recession for their 2nd largest market - U.S.
Only now, can the Chinese see that they are NOT facing an economic catastrophe.
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What we also are seeing is a huge shift from a reliance almost totally on U.S.
to a balanced reliance with Europe, Africa and their ASEAN neighbors.
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Trade with the European Union, China's largest trade partner, jumped 34.4 percent year on year to 349.49 billion U.S. dollars
Trade with the United States climbed 31.5 percent to 278.54 billion
with Japan rose 32.2 percent to 214.46 billion
Trade with ASEAN countries surged 43.7 percent year on year to 211.31 billion U.S. dollars in the first three quarters
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http://www.chinadaily.com.cn/bizchina/images/attachement/jpg/site1/20101015/002170192c4e0e21edc201.jpg
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Chinese firms up the stakes in Europe

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China's September exports up 25.1%; trade surplus hits 5-month low
http://news.xinhuanet.com/english2010/business/2010-10/13/c_13555809.htm
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China September trade weakens, surplus $16.9B
http://www.washingtonpost.com/wp-dyn/content/article/2010/10/13/AR2010101300702.html
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China International Trade Review - September 2010
http://www.econgrapher.com/13oct-chinatrade.html
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Trade with Africa set to achieve record high
http://www.chinadaily.com.cn/bizchina/2010-10/15/content_11413570.htm
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Chinese firms up the stakes in Europe
http://www.chinadaily.com.cn/bizchina/2010-10/04/content_11376651.htm
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