China`s trade surplus climbs to all-time record

[OhioChick]

Beijing, Dec 11: China's monthly trade surplus stood at USD 22.9 billion in November as this year's total surplus touched an all-time record at USD 156.52 billion, according to the latest customs figures.

The report shows that the November foreign trade climbed up 26.1 per cent to USD 168.788 billion, including an export of USD 95.854 billion, up 32.8 per cent, and an import of USD 72.933 billion, up 18.3 per cent.

The year's aggregate trade surplus reached USD 156.521 billion through November, dwarfing the USD 102 billion for the full year of 2005.

In the latest update, the Chinese customs administration also fine-tuned its preliminary statistics on accumulated imports and exports, Xinhua news agency reported.
http://www.zeenews.com/articles.asp?aid=341349&ssid=51&sid=BUS

[trotsky]

1. Well, on the bright side...

at least they're financing our national debt using money we gave them for cheap plastic crap.

[Bandit]

3. Well every single TV or Sterio is made elsewhere

I suspect 90% of all computers are not made in America either. I ordered a new Ipod for my granddaughter and I was able to watch it's progress from China to my home town..It isn't just cheap plastic stuff any more...It is almost everything we buy. Virtually every thing you wear comes from somewhere else.. Americans produce movies and softwear but little else..

[ixion]

4. ironic, isn't it? we 'bought' this country using baubles and trinkets

and less than two hundred years later we're selling it for the same. :-(

[NewJeffCT]

2. Another example of how wonderful "Trickle Down" economics is

And, we can't even attribute this to the weak dollar, since the Chinese yuan is tied to the dollar.