China's trade surplus jumps 48%

[lovuian]

http://news.bbc.co.uk/2/hi/business/7182497.stm

China's trade surplus soared 48% in 2007 to a record high as its export-led economic boom continued, government figures have shown.

The gap between what China exports and imports expanded to $262.2bn (£134bn) last year.

The latest big annual rise in the surplus may increase pressure on China to allow the yuan to rise in value.

The US in particular accuses China of keeping the yuan undervalued to keep Chinese exports cheap.

more...

Where is the ANGER? This is absolutely ridiculous

[valerief]

1. The anger is medicated, I think. nt

[lovuian]

3. It must be I mean we have been in huge deficits for 7 years

thinking the yuan was going down

and it has made them richer and their poor people slaves
and their military stronger

Are they NUTS

[valerief]

5. The world is run by twenty-year-old men with guns. It doesn't matter

that they use the guns at someone else's bidding. Without a twenty-year-old man pointing a gun in your face, there would be no tyranny.

(Way back when, cruder weapons were used, but you get my drift.)

[lovuian]

6. yes I do

usually they die very quickly and they do it because they see no future for them

[ShaneGR]

2. The sad thing is, the only thing that can compete is a weak US dollar....

Sadly

[lovuian]

4. we have to start major tariffs on their goods this is IMBALANCE

this is going to cause a major crash

We can't compete with slaves
we need to give China the wake up call

[SammyWinstonJack]

7. Vote Edwards!

[lovuian]

9. He definitely is addressing this Issue

and this confirms it

[kurth]

8. The Chinese economy is running on cheap oil subsidized by the government

not to mention cheap labor in slave-like conditions.

[Tierra_y_Libertad]

10. The irony. We used to hate them because they were Communists out to destroy capitalism.

But, we convinced them to become capitalists and are better at it than we are.

[ShaneGR]

11. Manpower

When you have somewhere around 300-400 million workers begging for a fulltime job, you can dominate any country on this earth.