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China’s trade surplus grew to $22.3B in June, way above estimates of $14.2B and May's...

China’s trade surplus grew to $22.3B in June, way above estimates of $14.2B and May's $13.1B. The jump was due to imports rising at their slowest pace since 2009 and adds to the cash flooding the economy. This complicates efforts to control inflation, which hit a 3-year high of 6.4% last month.
Comments (3)
  • Let's put a 25% tax on Chinese goods until they wish to level the playing field. They have over $300B trade surplus with us.
    10 Jul 2011, 01:57 PM Reply Like
  • With rising wages and input cost inflation, it is hard for me to imagine that much is left that is profitable for Chinese exporters selling for US Dollars. On a personal level virtually every product I have bought in the last six months quickly frays and falls apart, so perhaps they have found the solution. I loath going into stores and restaurants, as the shaved coin market is running amok. Even the cheap pizza slice at Costco has been altered enough that it is noticeable. I leave with a bent over feeling as if something more than a prostrate exam was inserted. They need to teach a special course at community colleges on how to survive shaved coin retailing. I think online retailing where you can’t inspect or return the product is especially vulnerable to this.

     

    Once again hardly reported in the US MSM, car sales in Beijing show rooms for June were indicated to be down 50% YoY. On a national level sales are down 12% and inventories swelling. [Asia Sentinel: Car Sales Off]
    www.asiasentinel.com/i...
    10 Jul 2011, 03:30 PM Reply Like
  • TRY buying something besides a hooker that is not made in China!! Hooker would include politicians
    11 Jul 2011, 08:25 AM Reply Like
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