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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • China's Trade Surplus At USD 5.35 Billion In March 1 comment
    Apr 11, 2012 10:30 PM

    Source: China Customs, ChinaScope Financial (Data)

    + According to an April 10 announcement made by the General Administration of Customs, China's imports and exports stood at USD 160.31 billion and USD 165.66 billion in March, equivalent to a non-seasonally adjusted YoY growth of 4.6% and 9.8%, respectively.

    + China's trade surplus was USD 5.35 billion in March; due to February's trade deficit, the total surplus in the first quarter is only USD 660 million.

    Export picked up a bit in March, growing at 8.9% YoY, while import declined to a YoY growth of 5.3%(click to enlarge)

    The trade surplus in March was CNY 5.35 Tn

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  • User 341510
    , contributor
    Comments (5019) | Send Message
     
    One of the great things about running a website with a truly global reach is that readers send me material which is nothing less than outrageous. So I had to laugh when I found in my inbox an animation of two bears discussing the hopelessly idiotic approach the US government has taken towards its trade with China over the past two decades.

     

    America gave away 25 million jobs, got nothing in return, with the end result that our standard of living is falling, while China’s is rising. The Chinese made this easy by devaluing their currency 50%, thus giving their exporters an unassailable price advantage. This has enabled the Middle Kingdom to buy an increasingly larger part of the US every year at knock down prices.

     

    The US could address this imbalance at anytime through the imposition of punitive import duties and forcing a revaluation of the Chinese Yuan. But any attempts to do so are fought off by well-financed libertarian pro business elements spouting the principals of free trade. So China laughs all the way to the bank, and the unemployment rate here ratchets ever skyward. -

     

    The Mad Hedge Fund Trader
    14 Aug 2012, 10:47 PM Reply Like
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