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China June trade surplus swells five-fold
Reuters ^ | Reuters

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.


TOPICS: News/Current Events
KEYWORDS: anticonsumer; businesshating; chicoms; chinatrade; cowardlynamecalling; economicignorance; fairtrade; fearmongering; freetraitors; isolationism; robbingusblind; suckers; tradewar
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To: jpsb

The hydrogen bombs they have directed our way carry the legends: "Thanks to W-M, KMart, Target et al and US shoppers!" "Your shopping days are now over!" "Thanks again to the Clintons for the high tech secrets you gave us that made us possible!" "Goodbye round-eyed devils!"


61 posted on 07/11/2005 8:42:32 AM PDT by Paulus Invictus
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To: rahbert

Without the aid of the Yanks, and our decisive action on the side of the Brits, the results would have been much different, the same with WW II. We saved Britain and France twice from the Germans. Without our factories and ability to build war machines while fighting, the world would look much different.


62 posted on 07/11/2005 8:42:49 AM PDT by jeremiah (Patrick Henry said it best, give me liberty or give me death.)
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To: Paul Ross; HamiltonJay; 1rudeboy; Toddsterpatriot; mace; expat_panama; LowCountryJoe; Cato
Sorry, but manufacturing generates about 3.5 jobs per direct job.. service 1.6... that's facts folks, and free traders can lie all day long, but its the truth.

And yet oddly enough, foreign trade has resulted in a number of success stories that you'd never see in the manufacturing sector. The disastrous situation on the railroads in the western U.S. last year was a good case in point, where freight operations on the Union Pacific / Southern Pacific railroad came to a near-standstill because the company didn't have enough workers to keep up with the level of freight traffic coming out of the Ports of Los Angeles and Long Beach. The trucking industry has been facing a shortage of qualified drivers for several years now, and the situation is expected to get worse in the future.

To top it all off, longshoremen are now among the highest-paid blue-collar workers in the U.S., with an average annual salary of somewhere between $75,000 and $85,000 per year.

63 posted on 07/11/2005 8:44:26 AM PDT by Alberta's Child (I ain't got a dime, but what I got is mine. I ain't rich, but Lord I'm free.)
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To: Realism
Check out this thread..http://www.freerepublic.com/focus/my/comments

And yes, the shiite is nearing the fan.

64 posted on 07/11/2005 8:45:32 AM PDT by jeremiah (Patrick Henry said it best, give me liberty or give me death.)
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To: Puddleglum
Let's see, I've forgotten: the Chinese don't have a Bill of Rights or basic human freedoms, do they? They re-educate Christians, right? How is sending them so much capital different from buying cotton from the antebellum South?

Jimmy Carter had the same feelings. So he proposed restricting trade with countries who don't govern themselves the way we do.

Which is, of course, always a personal option.

65 posted on 07/11/2005 8:47:10 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: ran15
The Chinese currency is under-valued against the U.S. dollar, but it is actually over-valued against most other currencies because it rises and falls with the U.S. dollar regardless of economic conditions between China and those other countries. That's why they import so much these days -- strangely enough, the strength of the U.S. dollar ensures that imports into China from countries other than the U.S. are cheaper than products and commodities made in China itself.
66 posted on 07/11/2005 8:48:49 AM PDT by Alberta's Child (I ain't got a dime, but what I got is mine. I ain't rich, but Lord I'm free.)
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To: Alberta's Child

Quote: To top it all off, longshoremen are now among the highest-paid blue-collar workers in the U.S., with an average annual salary of somewhere between $75,000 and $85,000 per year



Would it not be better those same longshorman were loading ships instead of unloading them and the Union pacific trains were unloading at the pacific docks?


67 posted on 07/11/2005 8:52:24 AM PDT by superiorslots (Free Traitors are communist China's modern day "Useful Idiots")
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To: superiorslots
Would it not be better those same longshorman were loading ships instead of unloading them and the Union pacific trains were unloading at the pacific docks?

How is that going to happen? These ports didn't generate anything close to that level of activity even when the United States was the dominant manufacturing center in the world.

68 posted on 07/11/2005 8:54:23 AM PDT by Alberta's Child (I ain't got a dime, but what I got is mine. I ain't rich, but Lord I'm free.)
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To: superiorslots
Would it not be better those same longshorman were loading ships instead of unloading them and the Union pacific trains were unloading at the pacific docks?

If the people in the other countries don't have any wealth, how will they buy our products? And even if they didn't sell us anything, how would be be able to produce goods for them cheaper than they can produce them for themselves?

69 posted on 07/11/2005 9:00:55 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Protagoras
Maybe you should focus on getting rid of socialism and fascism in this country instead of griping about somehow being entitled to make more money than the rest of the world. Just a suggestion.

I also like to cut to the chase. Listen to yourself. You sound JUST like a communist. How could this be?

Who are you calling "fascists"? And isn't it interesting how a communist slave operation is allowed to damage the U.S. productive economy, and your ONLY response is blindered one-sided shrillness against American economic well being (i.e. standard of living)...deriding the governmental protections afforded American workers ("Socialism") and even the return on investment of American capital and intellectual creativity ("entitled to make more money"). And you cavalierly ignore WHO and WHAT we are "competing" with. Meanwhile, contradictorily, professing concern for individual "liberty". Reallllllyyyy? Any more of your medicine falsely called liberty and we will all wind up slaving away in Chinese Laogai.

And let's diagram the forces extent who are making these silly China-Apologetics and appeasement: On the one hand we have some self-styled "optimists" claiming that "all is well" American wealth is UP! Then there is YOUR little jewel wherein your diatribe, actually displays undeniably... schadenfreud at America's demise...

You tipped your hand, Protagoras. You have outted yourself. Manifesting resentment and judgmentalism consistent with the blame-America-first crowd.

The ones who are at the top of the distribution food chain won't be impacted by your policies, they profit either way, albeit less so with U.S. labor,....but EVERYONE else in America will be when the U.S. industries all wind up in China. This should concern a real American. But let me surmise from your diatribe... you don't care.

And for the record, even if we were to do as you say...and eliminate ALL of America's governments, the vestibule of the "socialism", Federal and State, which collectively take 43% of America's GDP (indeed an excessive burden): An American employer and employee still could not begin to "compete" with what we are up against.

America's employees could not take a low enough pay to satisfy the requirements of the "market" as the Chinese will keep moving the goal posts. Until they are ready to send the balloon up. And the capital-servicing requirements for loans requires not an income deflation as you seem to thirst after, but continuity and reliability. Monthly mortgages require at the very least that much stable income to keep them serviced. And when they default, they lose their houses.

So much for your concern for the consooooooooooommmmerrr.

70 posted on 07/11/2005 9:01:26 AM PDT by Paul Ross (George Patton: "I hate to have to fight for the same ground twice.")
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To: Protagoras
Jimmy Carter had the same feelings. So he proposed restricting trade with countries who don't govern themselves the way we do. Which is, of course, always a personal option.

I think a country that proclaims its goal to be 'promoting democracy' should have this sort of thread in woven into its trade policy. We would not have the argument that 'American workers can't compete against China (in term of labor costs)' if this were the case.

I don't think it's right to expect American workers or businesses to compete against what amounts to slave labor.

And yes, individuals can reflect such a belief in their own purchasing decisions. But foreign policy and trade policy can do a little something to help ensure that individuals have access to affordable alternatives to slave-labor produced goods. If we allow our markets to be flooded with slave-manufactured goods, local alternatives vanish.

I admit it's a fine line between protecting US industry and protecting the apathy of some industries/workers, but the matter of promoting civil rights abroad ought to be one clear test. Otherwise we should get out of the democracy business and pry it off as the hood ornament of US foreign policy.

71 posted on 07/11/2005 9:03:06 AM PDT by Puddleglum (Thank God the Boston blowhard lost)
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To: Alberta's Child

I don't get how the Chinese currency could be undervalued versus America yet overvalued against other currencies.


72 posted on 07/11/2005 9:07:24 AM PDT by ran15
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To: Paul Ross

You could benefit from a course in fundamental economics.


73 posted on 07/11/2005 9:08:14 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Paul Ross
Capitalism is a system which asserts that property is privately owned and privately controlled.

Communism is a system which asserts that property is commonly owned and government controlled.

Fascism is a system which asserts that property is privately owned but government controlled.

Which attributes are most common in the current US?

74 posted on 07/11/2005 9:13:29 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Protagoras
Maybe you should focus on getting rid of socialism and fascism in this country instead of griping about somehow being entitled to make more money than the rest of the world.

Was that intentionally ironic?

75 posted on 07/11/2005 9:14:31 AM PDT by lucysmom
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To: Puddleglum
I think a country that proclaims its goal to be 'promoting democracy' should have this sort of thread in woven into its trade policy.

Jimmy Carter agrees with you.

I know of no such proclamation. Please point it out in the founding documents. Thank you

76 posted on 07/11/2005 9:15:09 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Alberta's Child
Your numnber of success stories don't seem to be comparative. You look at a few small sectors that facilitate the drug addiction of Chinese crap. Super heating, eh?

Have no fear. It will Soon to be rectified by China bringing things in to Mexico, and trucking them up and into the U.S. via its own labor. You did see where they are sending over their oil drilling teams to Colorado, didn't you? They got their labor in on the grounds that there was a shortage of U.S. well-drilling labor...because a million of 'em were laid off...

77 posted on 07/11/2005 9:15:34 AM PDT by Paul Ross (George Patton: "I hate to have to fight for the same ground twice.")
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To: Puddleglum
Otherwise we should get out of the democracy business and pry it off as the hood ornament of US foreign policy.

It was never there except in the minds of certain politicians and other misinformed and misguided people.

78 posted on 07/11/2005 9:17:05 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Protagoras
Which attributes are most common in the current US?

Obviously, if we listen to you, it will all soon be owned by China, which is indubtiably communist.

79 posted on 07/11/2005 9:17:33 AM PDT by Paul Ross (George Patton: "I hate to have to fight for the same ground twice.")
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To: Protagoras
Jimmy Carter agrees with you.

So does GWB - or have you forgotten why we're in Iraq (but oddly enough, not Sudan).

80 posted on 07/11/2005 9:19:23 AM PDT by Puddleglum (Thank God the Boston blowhard lost)
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