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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (21115)	1/12/2005 11:58:00 AM
From: RealMuLan	Respond to of 116555

>>Imports from China dipped in November from $19.7 billion to $19.6 billion. Exports to China were flat at $3 billion. The country-specific trade data is not seasonally adjusted, so the decline could have more to do with the timing of imports for the Christmas season<< Here is the figure from China in Nov. 2004, Imports to the US from China: $11.21 billion Exports from the US from China: $4.1 billion 1) The US has not done a very good job to accurately record all exports. 2) The US number includes all those imports of parts from Japan, S. Korea, Taiwan, ASEAN, and HK on Chin's account alone, and these parts were used for the products exported to the US and mostly by the US companies themselves. And the share of the US companies of all the US imports from China has increased from 60% or so in 2003 to 80% in 2004. So the global trade itself makes the US way of calculating the trade deficit with China very problematic.