U.S. and China Data Highlight Weakness in Global Economy - NYTimes.com: The United States trade deficit was essentially unchanged in August at $45.6 billion, its lowest level since April and $100 million narrower than a year earlier. Exports and imports both slipped by $100 million, to $177.6 billion and $233.2 billion, respectively.
The trade deficit was slightly narrower than analysts’ expectations. The level for July was revised downward from $44.8 billion.
Showing posts with label China. Show all posts
Showing posts with label China. Show all posts
Thursday, October 13, 2011
China threatens America with a Trade War | Gerald Celente Trends Blog
China threatens America with a Trade War | Gerald Celente Trends Blog: China threatens America with a Trade War just as predicted by Gerald Celente , The US lawmakers are going after China and accusing the country of manipulating currency. A bill recently cleared a hurdle in the Senate to impose tariffs on Chinese imports. Is this a political ploy or does Washington have a legitimate case? Could this turn into a trade war? The moment Congress enacts those tariffs, expect the following: We lose 92 BILLION in exports to China (cost 1.84 MILLION American jobs using the 50,000 figure), Companies will close because higher end manufacturing chains won't be able to source components, will have to locate other suppliers, destroy and slow down their product development process, or close shop, and forget a DOW ever being at 10,000, let alone 5000. But hey, the politicians get votes... from The AMERICANS.
Monday, September 26, 2011
Unrest on Rise as China Booms - WSJ.com
Unrest on Rise as China Booms - WSJ.com: China's massive economic-stimulus program has supported near double-digit growth, but also stoked inflation, piled up debt and fueled another unwelcome development: social unrest.
In 2010, China was rocked by 180,000 protests, riots and other mass incidents—more than four times the tally from a decade earlier. That figure, reported by Sun Liping, a professor at Tsinghua University, rather than official sources, doesn't tell the whole story on the turmoil in what is now the world's second-largest economy.
In 2010, China was rocked by 180,000 protests, riots and other mass incidents—more than four times the tally from a decade earlier. That figure, reported by Sun Liping, a professor at Tsinghua University, rather than official sources, doesn't tell the whole story on the turmoil in what is now the world's second-largest economy.
Saturday, September 24, 2011
Is China's economy in trouble? - The Economic Times
Is China's economy in trouble? - The Economic Times: What's more, there are further signs of trade hostilities from Washington, where the impulse is to blame China's cheap exports, at least partly, for the U.S.' continued high unemployment. On Thursday, a bipartisan group of senators announced that they would pursue legislation requiring the Obama administration to confront China more directly on currency policy. They want the White House to push harder for China to allow its currency, the renminbi, to appreciate.
If China does allow its currency to rise more quickly and if its trade surplus narrows, that could help economies elsewhere. But too much of a slowdown in China could simply add to the world's financial gloom.
If China does allow its currency to rise more quickly and if its trade surplus narrows, that could help economies elsewhere. But too much of a slowdown in China could simply add to the world's financial gloom.
Subscribe to:
Comments (Atom)