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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: Elroy Jetson who wrote (29455)1/22/2011 8:12:34 AM
From: elmatador  Read Replies (1) of 219208
 
Only solution: Turn the country into exports Juggernaut.

Message 24313980

By Daniel Dorfman (AFP) – 14 hours ago

CHICAGO — China said it would welcome greater US exports to the fast-growing Asian economy, rejecting blame for its large and politically sensitive trade surplus over the United States.

As President Hu Jintao wound up a state visit to the United States, Chinese officials appeared to try to shift the focus away from US allegations of currency manipulation and instead stressed business promotion.

"Our two countries need to sit down and work it out so there won't be such a huge trade deficit and trade surplus," Chinese Commerce Minister Chen Deming told a business conference in Chicago.

Chen voiced hope that US exports to China would more than double to $200 billion by 2015 as part of $500 billion in overall trade.

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