U.S. trade deficit narrows to $38.7 billion = Lowest deficit since January + China exports, imports surge in November

[mEDITate-OR:
not see how much we stopped buying in 08
that we started to buy, again
and now are still buying more, but exporting too.
China, on the other hand is BUYING there way out of surpluses.
Not using their trade surplus US$ to buy TBill...
but buying more stuff, from Japan & their SEANeighbors
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Thanks to improving exports, the trade deficit narrowed to $38.7 billion in October. Exports have reached the highest level since August 2008.

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Only in China could a 34.9% jump in exports, as was seen in November, be outpaced by an even-bigger 37.7% surge in imports. That led the monthly surplus to shrink to $22.9 billion. China quickly ratcheted up reserve rate requirements for banks but the market is waiting to see if interest-rate hikes are coming.

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U.S. trade deficit narrows to $38.7 billion
Lowest deficit since January
http://www.marketwatch.com/story/us-trade-deficit-narrows-sharply-in-october-2010-12-10
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China exports, imports surge in November
http://www.marketwatch.com/story/china-exports-imports-surge-in-november-2010-12-10
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