trade deficit

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China, India Press Each Other For Greater Access

While Chinese firms have been buying U.S. firms amid the economic slowdown, China and India have pressed each other for greater market access at a meeting between the countries’ trade ministers, Reuters reports: Despite twitchy...

CDT Money: To Ease, or Not to Ease?

Premier Wen Jiabao opened the annual meeting of the National People’s Congress on Monday by presenting a work report which revealed, among other targets, that the Chinese government planned GDP growth of 7.5% in 2012. The...

China Posts Massive Trade Deficit

Seasonal factors and wavering demand for Chinese exports combined to produce an unexpectedly large and likely record-breaking trade deficit last month, according to The Wall Street Journal: China posted a trade deficit of $31.48...

China Swings to $7.24 bln Trade Deficit

Market Watch has the latest trade numbers from China: March exports from China rose 24.3% to $112.11 billion, while imports jumped 66% to $119.35 billion, resulting in a $7.24 billion deficit, the state news agency Xinhua...

Chewy Chicken Feet May Quash a Trade War

From the New York Times: China is threatening to cut off imports of American chicken, but poultry experts have at least one reason to suspect it may be an empty threat: Many Chinese consumers would miss the scrumptious chicken...

Obama Says China Must Stop Manipulating Currency

Reuters reports that presidential candidate Barack Obama is saying China’s trillion dollar surplus is “directly related to its manipulation of its currency’s value” in a letter written to the U.S....

China Trade Deficit In Food Up 14-fold: Report

From AFP: China registered a 7.57 billion dollar trade deficit in agricultural products during the first five months of 2008, up by more than 14-fold over the same period last year, state press said Sunday. China imported 23.75...

U.S. Needs A New Vision Of China Relations

In a myth-busting opinion piece for the San Francisco Chronicle, University of Southern California international relations scholar Geoffrey Garrett slams Hillary Clinton’s recent echoing of middle-American protectionist...

Don’t Press Us on Yuan, China Tells U.S. Senate – Reuters

From Earthtimes.org: China called on U.S. lawmakers on Thursday to address issues such as the valuation of the yuan through a dialogue of equals instead of trying to put pressure on Beijing. The government was responding to a bill introduced on Wednesday by four senators that aims to ratchet up pressure on China to let […]

Core contradictions – Henry C K Liu

From Asia Times Online (link): The US trade deficit with China ballooned in 2005 to US$202 billion, more than one-quarter of the total deficit. Rising trade imbalance between the US and China in recent years has given rise to intense pressure from the United States on China to revalue the fixed exchange rate of its […]

China-bashing is the wrong trade-policy strategy – Jean-Marc F. Blanchard

From The San Francisco Chronicle (link): There is no doubt that the Chinese government retains certain trade barriers, takes steps that protect its firms and industries against American ones and does an inadequate job of protecting intellectual property. Nevertheless, China has made significant progress in opening its markets and leveling the playing field. This is […]

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