Posted on 11/08/2017 8:34:32 AM PST by cba123
China's trade surplus with the United States slipped from a record high last month, according to official data published Wednesday, but still rose past $300 billion over the first 10 months of the year just as President Donald Trump arrives for a state visit in Beijing.
China's customs office said total exports from the word's second largest economy grew an annual 6.9% last month, slowing from the 8.1% pace recorded in September. Import growth, however, was impressively strong at 17.2%, although again slower than the 18.1% pace notched in the previous month.
The figures also reveal a 37.8% increase in China exports to the United States which, when set against an 11.1% rise in imports translates to a trade surplus of $26.6 billion. That's down from last month's record high of $28 billion but still puts the year-to-date tally at just over $300 billion - more than $12 billion head of last year's pace, according to U.S. Census Bureau data.
(please see article at link, for complete story)
“It is every bit as likely, that China is holding lil’kim over America’s head,”
Of course they are and I would to. Lil’kim screws up and all bets are off.
It may in the Chinese government’s mind be more about reminding Trump of China’s longevity and existence as a nation and people compared to our mere 241 years of existence. So have it there instead of Beijing.
The BMW factory in SC took 23 months to build from start to finish.
Perhaps, but I doubt it.
As for me, I'll make every effort to buy American made when I can.
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