Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (56168)	11/19/2004 5:03:01 PM
From: RealMuLan	Read Replies (1) of 74559

China often gets some "credit' it does not deserve for<g> China only has US$515 billions of worth foreign reserves altogether. Let's say 15% are Euro now (up from 6%-7% two years ago), how could those meaner US$ 35-40 billion worth of buying could make much impact on Euro value? It is the same thing with the US trade. According to Huang YiPing from Citi Group, in 2003, the imports from China accounted for 10% of the total US imports, equaled to 1.4% of the US GDP and 2% of total US consumer expenses. I don't hear from the US media and US politicians where were those 90% of the US imports from? Why the US does not bash them, instead only bash China? Why China is such a convenient scapegoat?

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