Posted on 07/11/2005 7:27:02 AM PDT by jpsb
BEIJING (Reuters) - China's trade surplus for June swelled five-fold from a year earlier as exports grew much faster than imports, offering more ammunition for foreign critics who argue that Beijing should let the yuan rise in value.
The June surplus grew to $9.68 billion, exceeding forecasts of $8.0 billion and towering above the $1.8 billion surplus recorded for June 2004.
Families had more sense back then. Our kids went to Florida ("Where the Boys Are") prior to 1970, and where they safely came back.
http://www.imdb.com/title/tt0054469/
China is already out producing the US in shipbuilding 3 or 4 to one. In ten/fifteen years or so, their Navy will be larger then ours. 300 ships vrs less then 200 US ships.
Perhaps. Again, so what? What will be the quality level of those ships? China has a long way to go before it has a credible blue water navy.
Well, if you look at power per platform, they only have to get lucky once to significantly reduce the opposition's power. Think back to the Korean War human wave attacks...
And how much silicon, plastic, composite materials, etc. did the U.S. produce in 2004 compared to 1974? There are more cars manufactured in the U.S. today than in 1974, and yet we use less steel for cars than ever before. You think maybe that has something to do with the decline in steel production?
Which they couldn't have done without our helping build their military/industrial infrastructure.
Missile Technology Plant Moved to China (JDAM smart-bombs)
`Dual-use' exports highlight tension within U.S.-China trade policy
My car was made in Kentucky and my wife's car was made in North Carolina, just to give you two examples.
(We know all the people of foreign countries are not buying anything "made in USA" because of our HUGE!! trade deficit)
Only about 10% of our economy is based on exports. The vast majority of all the goods and services produced in the USA are for domestic consumption. The reason we have such a huge trade deficit is because this country produces so much wealth. We can afford to buy a lot of things on the international market.
LOL!!!
Ya think? Only wish it were true...
This is another totally irrelevant statistic, since U.S. employment is classified by economic sector and not by job function. An accountant who works for General Motors is considered a "manufacturing employee," but if General Motors hires an outside firm to do their accounting he would suddenly be considered a "service employee." Does anyone really believe that an accountant for General Motors generates 3.5 other jobs, while an accountant for KPMG only generates 1.6?
LOL --thanks, you made my day. It's good to know that there's at least two of us that are happy enough with reality that we don't have to live in one we made up.
LOL! Dream on! The bill is being pay by Chicoms buying one American industry after another (shipping the tools and techs to China of course) and paying with dollars earned at Wal-marts.
That's right. And you would think that China of all places would be well aware that their brand names will be utterly worthless, too -- for all the same reasons that competing brand names became worthless when the Chinese ripped them off. All they can offer right now is a pool of cheap labor and a legal/regulatory environment where patents and copyrights are worthless. Sh!t -- I think that description would apply to about 95% of the world today.
Is there some way I can get back on your 'ignore list'?
Considering the vast amount of wealth that Americans create every year and the unemployment rate we have (a rate that the average European leader would literally kill for), it takes a true pessimist to conclude that the American economy is in trouble.
Wait, I'm confused. Are you saying that the Chinese are paying for all of the goods they are supposedly importing into this country? That's great news!
I already knew that, and I don't think there is any unconfusing you, well maybe when the Chicoms kill your friends and your family with weapons bought and paid for by US consummers then maybe you might get a clue.
Quote: Do you expect the next war to be anything like WWII? Will we need millions of Americans under arms for a gigantic land war? What, if anything, did our giant industrial capacity have to do with our victory in Iraq?
Actualy the second Iraq war was postponed because we did not have enough cruise missles because they were depleted in kosovo and never built back up in sufficent numbers.
Also who knows who our enemy of the future may be. It may not even be china. It could be Russia and India. No one knows the tide of relationships in the future and what may set off conflict.
What was the famous sayinfg after WWI "That was the war to end all wars"?
BTW: The pentagon has computer war games pitting the US against Britain.
"I don't think the Japanese are much of a threat at all," the other guy said, "because I think our Japanese athletes will always be better than their Japanese athletes."
As it turns out, he was absolutely right. Japanese-American Kristi Yamaguchi won the gold medal, and "their" Japanese (Midori Ito) won the silver.
Quote: Your post assumes that the competition is between U.S. corporations and Chinese corporations. It is not, it is between outsourced U.S. manufacturing and domestic U.S. manufacturing. Domestic Chinese manufacturers are no competition for U.S. companies, at least not yet, they're learning quickly, from us
Bingo
This bears repeating. Not heard too much on FR.
You're right, but you might want to chuck that word "always".
The main reason that it's easier to sell stuff to rich people than to poor people is that the rich have more money. But even though individually the poor have less money, there's so many of those poor people that they can make up a pretty big market.
Better still is how these markets develop over time. One of the projects I'm working with down here is a computer school wwwayyyyy out in the outback. No roads no electricity-- they run the computers on solar panels. I figure that in another generation or so they'll be a very welcome addition to the world of commerce.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.