China's trade gap widens - to Seven-Month High = Trade Surplus Reaches $22.27 Billion - import growth weakest in 20 months

[mEDITate-OR:
totally miss the fact that imports from JAPAN were drastically reduced
due primarily due to the tsunami impacts on what China buys from them.
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such as many of the goods we refuse to sell to them.
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First, China's surplus was caused mainly by lessened imports from Asia, and for fuel.
Second, the balance with U.S. is extremely variable.
While very high this month, it was much lower last.
Year over year it IS declining...
but who pays any attention to that.
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Chinese purchases of American goods fell 11 percent from a year ago,

widening China's trade surplus with the United States by 20.9 percent to $19.1 billion.

Imports of European goods fell 6 percent,

widening the trade surplus with the 27-nation European Union by 19.8 percent to $12.7 billion.

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China-US trade surplus widens
http://www.chinadaily.com.cn/usa/2011-07/11/content_12876328.htm
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China Trade Surplus Climbs to Seven-Month High
as Import Growth Moderates
http://www.bloomberg.com/news/2011-07-10/china-s-june-trade-surplus-reaches-22-27-billion-customs-bureau-says.html
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China's import growth lowest in 20 months
http://news.xinhuanet.com/english2010/business/2011-07/11/c_13977300.htm
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