No Flinching From Recalls as China’s Exports Soar

[DeepModem Mom]

Source: New York Times

By DAVID BARBOZA
Published: October 13, 2007

SHANGHAI, Oct. 12 — Despite a wave of high-profile recalls, and growing scrutiny of the quality and safety of Chinese goods, China’s export boom continues, according to newly released statistics from both independent analysts and the government in Beijing. China said Friday that it exported $878 billion worth of goods in the first nine months of 2007, up 27 percent from the period last year, when Chinese exports posted record volume.

Global worries about contaminated pet food, tainted seafood and toxic toys and toothpaste have not been significant enough to slow China’s export engine, analysts say. “Forty million toys may be bad for dozens of toy makers in Dongguan,” said Dong Tao, an economist at Credit Suisse, referring to one of southern China’s toy-making centers. “But that’s small potatoes for China’s over $1 trillion a year of exports.”

China’s trade surplus with the rest of the world has already ballooned to $187 billion through September of this year, up from about $177.5 billion for all of 2006, and much of the gains have come in trade with the United States and the European Union.

Even in categories hit by high-profile recalls this year, like food and toys, exports rose sharply, according to data compiled by Global Trade Information Services, based in Columbia, S.C....

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...over all, China’s pricing advantage over Western manufacturers — including lower costs for labor, land and energy — continues to draw new businesses....

Read more: http://www.nytimes.com/2007/10/13/business/worldbusiness/13trade.html?hp

[sam sarrha]

1. if we don't go back to tariffs ..learn to speak chinese and work for 27 cents an hour

[Deja Q]

4. The lower dollar will eventually make the cost of our exports lower.

Apart from electronics, we'll be okay...

[aquart]

5. Dreamer.

[melm00se]

7. Dreamer?

the beginnings of reality:

http://biz.yahoo.com/ap/071011/economy.html?.v=2

the tide will not turn instantly or with the pace of a riptide but with little steps like this.

[tom_paine]

2. I would expect nothing lless from the Imperial Subjects of Amerika.

NOTHING.

Here's our attitude: Some will die, most will live, there's nothing we can do about it so let's keep buying this stuff they are selling

We are the Good Germans, we are one of the most disgraceful and weak generations that history has known since the Good Germans in the 30s.

Of course we will continue stuffing our faces with Chinese poison (some will die and some will live, don'cha know?) because Der Fuhrer wants us to and we are too cowardly to do anything else.

Sorry that the truth hurts. I have been witness the Hitler-Nazi dynamuic among the Imperial Subjects of Amerika for seven long years now, it's out in the open for all to see and STILL people refuse to believe the evidence of their own eyes and ears.

Try to guess how much THAT hurts.

[KoKo]

3. Research based on "Global Trade Information Services" Columbia, SC!

:rofl: Bet a GOOGLE of this outfit would reveal interesting info.

[sendero]

6. This might be true..

... but keep in mind that a lot of this trade is done under long term contract, numbers don't change on a dime.

[NYC]

8. You're right about that, but it's sad that a contract

can't be cancelled when the consumers are being poisoned.