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...
by Melissa M. Chan | Nov 22, 2011
With the decrease in manufacturing activity and exports, some economic analysts are predicting that in 2012 China will face a deficit for the first time in two decades despite the government’s recent attempts to balance...
by victoriawu | Apr 13, 2011
A variety of reasons have culminated to create a$1.02 billion trade deficit for China for the first quarter of 2011. The last time a first quarter trade deficit was recorded was 2004. Issues such as seasonal factors, spikes in...
by Sophie Beach | Sep 22, 2010
From Bloomberg: The U.S. House Ways and Means Committee said it will meet Sept. 24 to consider legislation to push China to raise the value of its currency. The committee said today in an e-mailed statement that it will consider...
by Liu Yong | Jul 13, 2008
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...
by Wu Nan | Feb 14, 2008
Is it a happy feeling, or more complicated, for the U.S. upon hearing that China has become its top import supplier and the trade deficit with China has fallen for the first time in 6 years? From Bloomberg: China passed Canada...
by Kate Zhao | Jun 14, 2007
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 […]
by Sophie Beach | May 19, 2007
From the New York Times: Three years ago, the head of the Teamsters union, James P. Hoffa, derided China as xenophobic. He said that China did not believe in free trade and that the United States was losing jobs because China was unwilling to buy American goods. But on Friday, with the United States trade […]
by Mo Ming | Aug 13, 2006
From the New York Times: The United States trade deficit narrowed ever so slightly in June, but the mild improvement did not deter renewed calls in Washington for a substantial currency revaluation by China to make American exports more competitive. Congress is again threatening to take protectionist measures unless China does more than allow the […]
by Xiao Qiang | Mar 24, 2006
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 […]
by Xiao Qiang | Feb 22, 2006
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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