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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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Keep shopping at wal-mart folks.

Rest of article here

1 posted on 07/11/2005 7:27:02 AM PDT by jpsb
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To: jpsb

Dang! You beat me to posting this one!


2 posted on 07/11/2005 7:28:39 AM PDT by Paul Ross (George Patton: "I hate to have to fight for the same ground twice.")
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To: jpsb

"The June surplus grew to $9.68 billion..."

Their surplus is miniscule compared to our deficit.


3 posted on 07/11/2005 7:30:07 AM PDT by Brilliant
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To: Paul Ross

How long will it be before toddster spouts the advantages of the US having a trade deficit and he post his rising income chart?


4 posted on 07/11/2005 7:31:12 AM PDT by superiorslots (Free Traitors are communist China's modern day "Useful Idiots")
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To: jpsb

..offering more ammunition for foreign critics who argue that Beijing should let the yuan rise in value...
------
And Washington just fiddles while the trade deficit burns...


5 posted on 07/11/2005 7:31:34 AM PDT by EagleUSA
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To: jpsb
It will go a lot higher, as there are fewer and fewer items that have a "Made in USA" that foreigners would be willing to buy. Americans dont even buy goods that are "Made in USA" so why should foreigners buy them?

We have only just begun to get the benefits from free trade. We still have a few manufacturing jobs in America that are done by overpaid American citizens. Even in 2005, almost 1 in 10 American workers still actually produce something . Sooner or later all the overpayed American auto workers, office workers, insurance processors, those that work in billing, claims, call centers, accounting, etc will replaced by chinese.

The trade deficit with china will go much higher, since we still have lots of jobs to move over there, and there is nothing that we produce that the chinese want to buy.

6 posted on 07/11/2005 7:32:39 AM PDT by SandyB
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To: superiorslots

Why don't you ping him and find out?


7 posted on 07/11/2005 7:32:43 AM PDT by 1rudeboy
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To: jpsb

When the false value of the Chinese currency is opened up, so its no longer artificially tied to the dollar at nearly 1 to 1, enjoy watching all those "cheap" chinese goods jump up in price.....


8 posted on 07/11/2005 7:35:07 AM PDT by HamiltonJay
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To: jpsb

When the false value of the Chinese currency is opened up, so its no longer artificially tied to the dollar at nearly 1 to 1, enjoy watching all those "cheap" chinese goods jump up in price.....


9 posted on 07/11/2005 7:35:08 AM PDT by HamiltonJay
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To: jpsb

5 years from now, we'll all be driving around in ugly little egg-shaped Chinese cars that will look just like the ugly little egg-shaped Japanese and Korean cars that we drive around in today.


10 posted on 07/11/2005 7:35:08 AM PDT by Chi-townChief
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To: SandyB

Quote: Sooner or later all the overpayed American auto workers, office workers, insurance processors, those that work in billing, claims, call centers, accounting, etc will replaced by chinese.


A college friend of mine is an architect. 4 years ago he said his job could never be outsourced. He has since lost his job to somone in India.

American companies are still designing the outside of the building because they know what "culturly" fits in a given local. However the inside of the building-structure/HVAC etc is all being sent to india.


11 posted on 07/11/2005 7:37:31 AM PDT by superiorslots (Free Traitors are communist China's modern day "Useful Idiots")
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To: Chi-townChief
"Japanese and Korean cars that we drive around in today."

Speak for yourself, I drive a Ford mustang and Chevy pickup.

12 posted on 07/11/2005 7:37:43 AM PDT by jpsb (I already know I am a terrible speller)
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To: superiorslots

Rising income charts are crap... standard of living in US has only rose moderately since 1970... and it has done so largely by the fact that most households are now 2 income not one... a complete opposite of how it was in 1970...

Our standard of living is declining in terms of real dollars when you take this into account and it directly correllates to the decline of manufacturing and rise in service industry jobs.

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.


13 posted on 07/11/2005 7:37:48 AM PDT by HamiltonJay
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To: Chi-townChief

Five years from now, the survivors will be hiding in the hills wondering what happened.


14 posted on 07/11/2005 7:37:56 AM PDT by the gillman@blacklagoon.com (Google search North American Community.)
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To: EagleUSA

As long as Congress has its golden parachutes why should they give a damn about the rest of the country? They are P.T. Barnum, and we are their suckers.


15 posted on 07/11/2005 7:38:44 AM PDT by ARCADIA (Abuse of power comes as no surprise)
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To: HamiltonJay

yes and enjoy watching all those strategic resources come down in price in Chinese currency terms. Be careful what we wish for. the chinese have us by the short and curlies.


16 posted on 07/11/2005 7:38:45 AM PDT by hubbubhubbub
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To: HamiltonJay

Quote: When the false value of the Chinese currency is opened up, so its no longer artificially tied to the dollar at nearly 1 to 1, enjoy watching all those "cheap" chinese goods jump up in price.....



The chinese will wait to suck more capital and knowlwedge from us before they revalue the yen.


17 posted on 07/11/2005 7:39:14 AM PDT by superiorslots (Free Traitors are communist China's modern day "Useful Idiots")
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To: jpsb

'91 Pontiac Firebird and '02 Chevy Camaro for me (which, strictly speaking, are Canadian cars, I guess.)


18 posted on 07/11/2005 7:40:26 AM PDT by Chi-townChief
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To: hubbubhubbub

Absolutely, the destruction of our manufacturing capcity makes this nation hugely vulnerable.... but hey, who cares if we can't manufacture enough materials to sustain ourselves in a long term direct conflict with China...after all their our friends....


19 posted on 07/11/2005 7:40:30 AM PDT by HamiltonJay
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To: HamiltonJay

"Facts" are usually supportable [hint].


20 posted on 07/11/2005 7:40:34 AM PDT by 1rudeboy
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