China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1024)	10/21/2003 10:40:43 AM
From: GUSTAVE JAEGER	Read Replies (1) of 6370

Re: In the January-to-September period, exports rose 32.3 percent over a year earlier to $307.7 billion while imports were up 40.5 percent to $298.56 billion, the ministry said on its Web site at www.mofcom.gov.cn. [...] Though China runs a large trade surprlus with the U.S., its surplus with other countries -- particularly in Asia -- has all but evaporated as it imports material to fuel production. That's precisely the second stage of the US's double-barreled strategy in dealing with China: the first stage was all about China buying US Treasury bonds and financing US consumption. Hence the US's booming trade deficit... However, in the second stage, corporate America's gonna cash in on China's tremendous domestic market, recouping most of its trade imbalance with China! At that point, the US trade deficit with China is gonna vanish faster than an ice cube in the Death Valley.... When the renminbi will rise to RMB4.00 to USD1.00, corporate America's piggybacking onto the Chinese growth will erase the US trade deficit. Gus

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