Saturday, April 28, 2007

Trade Works Both Ways: Exports to China Explode

From today's WSJ: "Populists in America like to badmouth China for flooding the U.S. with what they claim are cheap, job-destroying imports, but the export data offer a very different picture. China is now America's fourth largest export market (MP: Third if China and Hong Kong are combined), buying U.S. goods valued at $55.2 billion last year, according to the U.S. International Trade Commission.

U.S. exports to China increased 240% between 2000 and 2006. America's second-fastest growing export market, Belgium, increased "only" 54% in the same span (see chart above)."

The WSJ refers to this report on China exports, relased this week by the U.S. China Business Council.

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