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Politics : Politics for Pros- moderated
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From: LindyBill5/12/2005 1:49:53 AM
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Nobody knows why. It caused the dollar to go up.

U.S. Trade Gap Shrinks 9.2%;
China Apparel Shipments Slow

....It is unclear why imports from China fell so sharply. "Something is going on," said Peter Morici, a business professor at the University of Maryland. "Either Wal-Mart and others are diversifying to other points in Asia, or Chinese officials are starting to take administrative action of some kind to avoid a real revaluation." Other analysts suggested the date of the Chinese New Year may have produced an anomalous decline in imports. The holiday came in February this year. Many businesses in Asia shut for an entire week during the period, creating disruptions in shipments that might not have been picked up in U.S. import data until March.
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