Enough already!


National emblem of the People's Republic of China

Image via Wikipedia

A couple of days ago I did a post on my favorite China promoter, Professor Baizhu Chen of USC.  In the post, I stated my theory that China needs us a lot more than we need China.  According to Forbes.com, I might just be right.  Last year, China’s overall trade surplus was $155.1 billion, according to the Ministry of Commerce.  China had almost a $300 billion trade surplus with the U.S.  Without the U.S., China would have run a $150 billion trade deficit with the rest of the world.  According to the article the reason that China has become ever more dependent on the U.S. is because orders from the EU for Chinese goods collapsed last year.  The author of the Forbes post offers the following advice; “All we need is for President Obama to tell the Chinese that they need us more than we need them.”  I couldn’t agree with him more.

Advertisements

About tapirking

I live in Seattle and love telling stories about Americans, the places where they work and the things that they make.
This entry was posted in Made in America, made in usa, Trade and tagged , , , , . Bookmark the permalink.

2 Responses to Enough already!

  1. Jean Heagy says:

    tapirking, I no longer receive your posts and really miss them. I forward them to just about everyone and many love them. It makes people think.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s