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China's imports of copper - far in excess of anticipated need - suggests to Gordon Chang that...

China's imports of copper - far in excess of anticipated need - suggests to Gordon Chang that Beijing is attempting to dress up its trade numbers. Even as exports fall off, China's trade surplus is growing as imports dive even faster, giving the U.S. the nod to pressure on trade issues. Later this year, look for China to stop buying copper and the price to dive.
Comments (1)
  • I read Gordon Chang's book : the coming collapse of China & I couldn't bring myself to finish the book (read only 1/3 through) as it is nothing more an angry tirade against China for what happened in TianAnmen

     

    To get a better understanding of TianAnmen 1989, read Henry Kissinger's 2011 book: On China

     

    Kissinger discussed what really went on in Pres. Bush's (#41) mind. the US couldn't afford to isolate China even then

     

    another book that is de rigueur for understanding China from the point of view of the top leadership is the late Zhao Zhiyang's book/memoir: Prisoner of the State

     

    current Premier Wen Jiabao was an aide of Zhao Zhiyang and it is a credit to Beijing that PM Wen was not purged nor sent to the countryside

     

    China is dramatically different from what Gordon Chang perceives/forecast in his very angry book

     

    I'm better off reading Currency Wars by James Rickards or 1000 days at #11 Downing Street by former Exchequer Alistair Darling
    14 Feb 2012, 04:02 PM Reply Like
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