Friday, December 10, 2010

China's foreign trade hits historic highs in November, But some are very different than you are being told.

[mEDITate-OR:
not see that what they are telling U.S. about China is only partly true...
Please, note, China is also running a deficit..., with Japan and ASEAN countries.
AND, those deficits are growing, rapidly.
See if you can find THAT in any US newspaper!
Is China selling stuff to Walmart, and buying stuff from Japan.?
Selling "junk" to U.S., and getting quality from Japan?
What's up with that?
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From January to November, China's imports and exports totaled nearly 2.7 trillion U.S. dollars, a year-on-year increase of 36.3 percent
with the exports rising by 33 percent to 1.4 trillion U.S. dollars
and
imports soaring 40.3 percent to 1.25 trillion U.S. dollars
----
Trade with major partners is booming. Trade with the European Union, China's largest trading partner, reached 434 billion U.S. dollar over the first 11 months of the year, up by 33 percent year on year.
Trade with Japan, the third largest partners totaled 159 billion U.S. dollars, marking a significant growth of  32 percent.
Trade with the ASEAN soared by 40.6 percent to 263 billion U.S. dollars. 
China’s trade deficit with Japan and ASEAN widened sharply in the period.

The deficit with Japan of 49.6 billion U.S. dollars soared by 74 percent
and the deficit with the ASEAN of 14 billion U.S. dollars was 17 times that of the first 11 months of last year.
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China's foreign trade hits historic highs in November
http://english.peopledaily.com.cn/90001/90778/7227117.html
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