Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (59036)	1/17/2005 11:57:28 AM
From: RealMuLan	Read Replies (1) of 74559

>>China has two ways to get away from the excessive dependence on sales to the US consumer market.<< I am not sure I understand why so many people claim China got an excessive dependence on sales to the US consumer market? The US, after all, only accounts for 21% of China's total exports. I would not call it "an excessive dependence". If anything, they should say Japan, S. Korea, Taiwan, HK, and China as whole which has an excessive dependence on US exports. >> One is to increase sales to non-US countries. This is happening, gradually.<< Not gradually, but rapidly. This is 2004 Jan. - Nov. number gcs.mofcom.gov.cn And in terms of total trade volume, EU already surpassed the US in 2004 to become #1 trading partner of China Japan now become #3

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