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To: gas0linealley
The reason China's exports grow faster is the relative value of the goods. We are importing manufactured goods and exporting scrap metal and soy beans.

None of this is by accident. The Chinese have it pretty well thought out.

6 posted on 05/14/2007 5:39:45 PM PDT by Last Dakotan
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To: Last Dakotan

Their artificially undervalued currency has a lot to do with it.


9 posted on 05/14/2007 6:02:11 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Last Dakotan

This is informative:

http://paragonsteel.com/psteel_pages/newsletter200601.php


10 posted on 05/14/2007 6:13:15 PM PDT by gas0linealley
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To: Last Dakotan
The reason China's exports grow faster is the relative value of the goods. We are importing manufactured goods and exporting scrap metal and soy beans. None of this is by accident. The Chinese have it pretty well thought out.

We run a big deficit with China because of the way the supply chain is constructed. China is the place where final assembly takes place for a lot of products from the rest of the world. When Hewlett Packard sends a load of inkjet print heads manufactured in Singapore to China for final assembly into printers, that printer gets stamped "Made in China". China records the printheads as imports from Singapore and the final product as exports to the US. Wherever the high-value parts come from, as long as the final assembly gets done in China, the import shows up in American trade statistics as an element of the trade deficit. This includes Dell computers that are assembled in China, even though it is full of high value parts that are of foreign origin, including Intel and AMD chips, Taiwanese chipsets, NVIDIA or ATI graphics chips, Cirrus Logic and Adaptec components, etc. The fact that Chinese hands employ screwdrivers and other fastening tools to bolt the pieces together gives the computer a "Made in China" label.

The idea that China could somehow "stop financing" the US trade deficit is an illusory concept tied to mercantilistic ideas about economics. If they stop depressing the value of the yuan by buying dollars, the yuan will rise in value, causing a lot of foreign companies to close their Chinese plants and move to locations where expenses in dollar terms are cheaper. Trade flows are determined at the company, not the governmental level. If the yuan appreciates significantly, even Chinese companies will move overseas to gain a cost advantage.

15 posted on 05/14/2007 7:22:40 PM PDT by Zhang Fei
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To: Last Dakotan
We are importing manufactured goods and exporting scrap metal and soy beans.

LOL!

[U.S. Census Bureau - Click for Census Home Page]

FOREIGN TRADE STATISTICS: Your Key to Trade [Skip all navigation and go directly to page content]
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[FTD Subject Navigation] STATISTICS: Press Releases | Trade Highlights | Country/Product Data | State Export Data | Historical Series | Special Request
[ADVERT: USATrade Online - Trade data online]

U.S. Exports to China
from 2002 to 2006
By 5-digit End-Use Code

(In thousands of dollars)

Additional information

End-Use Code Value 2002 Value 2003 Value 2004 Value 2005 Value 2006
(00000) Wheat 26,081 35,471 495,118 79,000 22,725
(00010) Rice 962 143 241 239 428
(00100) Soybeans 995,837 2,888,802 2,328,833 2,249,009 2,529,831
(00110) Oilseeds, food oils 2,481 51,218 7,599 5,667 60,659
(00200) Corn 2,753 627 998 737 22,575
(00210) Sorghum, barley, oats 7 175 13 16 0
(00220) Animal feeds, n.e.c. 49,660 45,049 18,546 27,880 29,654
(00300) Meat, poultry, etc. 118,296 172,281 99,785 253,130 426,806
(00310) Dairy products and eggs 27,199 28,442 38,542 41,547 80,860
(00320) Fruits, frozen juices 42,834 54,041 66,936 109,516 111,429
(00330) Vegetables 35,240 42,911 50,181 39,345 54,497
(00340) Nuts 19,892 16,716 22,924 50,795 53,338
(00350) Bakery products 28,093 44,208 53,434 44,865 48,107
(00360) Other foods 64,197 188,478 220,373 115,088 132,201
(00370) Wine and related products 3,606 3,137 5,710 6,153 9,564
(01000) Fish and shellfish 169,727 224,159 314,654 405,072 484,012
(01010) Alcoholic beverages, excluding wine 2,044 2,395 2,722 3,388 7,409
(01020) Nonagricultural foods, etc. 18,701 36,368 33,772 34,033 36,840
(10000) Cotton, raw 147,652 763,697 1,431,259 1,405,973 2,066,926
(10100) Tobacco, unmanufactured 471 4,448 22,832 1,905 61,480
(10120) Hides and skins 394,233 456,539 524,112 628,708 790,156
(10130) Agric. industry-unmanufactured 39,691 98,625 55,003 52,650 80,073
(10140) Agric. farming-unmanufactured 30,784 41,779 27,770 45,756 48,584
(10150) Agriculture-manufactured, other 53,414 75,030 82,164 79,626 93,292
(11010) Metallurgical grade coal 513 134 33,345 35 148
(11020) Coal and fuels, other 1,675 2,889 2,482 7,136 10,357
(11100) Crude oil 0 0 27,163 11,170 0
(11110) Fuel oil 41,695 4,605 11,887 21,776 50,927
(11120) Petroleum products, other 68,174 151,536 200,905 199,335 247,523
(11130) Natural gas liquids 1,221 38,453 51,844 30,825 12,085
(11300) Nuclear fuel materials 4,064 3,660 3,677 3,956 4,330
(12000) Steelmaking materials 463,341 710,924 984,441 1,511,639 1,692,182
(12100) Iron and steel mill products 30,131 389,852 128,406 242,273 135,686
(12110) Iron and steel products, other 29,192 52,262 111,329 190,972 259,128
(12200) Aluminum and alumina 240,417 314,132 487,786 895,794 1,704,875
(12210) Copper 305,480 626,464 622,432 932,360 1,862,202
(12260) Nonmonetary gold 360 999 1,133 2,657 2,593
(12270) Precious metals, other 41,723 44,274 64,153 100,106 305,485
(12290) Nonferrous metals, other 75,657 151,684 275,145 751,608 1,144,072
(12300) Finished metal shapes 132,455 157,576 269,222 367,022 457,927
(12420) Pulpwood and woodpulp 424,069 612,564 769,913 1,026,096 1,482,550
(12430) Newsprint 380,413 404,010 462,703 456,914 425,817
(12500) Plastic materials 731,540 933,584 1,381,725 1,834,600 2,178,948
(12510) Chemicals-fertilizers 700,909 483,300 338,464 399,938 281,785
(12530) Chemicals-inorganic 135,527 138,639 282,369 395,597 469,343
(12540) Chemicals-organic 539,157 1,010,649 1,442,375 1,401,317 1,350,938
(12550) Chemicals-other 375,090 463,950 629,400 669,446 820,532
(12600) Cotton fiber cloth 12,956 19,087 19,465 20,197 24,245
(12620) Manmade cloth 243,997 287,277 348,079 431,258 451,232
(12630) Hair, waste materials 11,670 16,334 24,296 32,011 46,009
(12640) Finished textile supplies 39,995 58,623 93,258 112,032 170,357
(12650) Leather and furs 52,506 70,516 94,971 88,265 127,548
(12700) Synthetic rubber-primary 76,810 120,645 176,922 256,153 367,807
(12720) Nonmetallic minerals 21,074 24,790 24,160 29,560 18,961
(12750) Industrial rubber products 14,809 19,200 27,763 45,479 59,267
(12760) Mineral supplies-manufactured 86,693 144,744 203,884 213,811 335,580
(12765) Tapes, audio and visual 173,654 118,128 167,990 229,561 313,465
(12770) Other industrial supplies 309,036 399,101 516,617 540,327 664,679
(13100) Logs and lumber 195,191 220,265 331,810 405,643 503,065
(13110) Wood supplies, manufactured 11,880 19,624 20,153 30,255 28,906
(13200) Glass-plate, sheet, etc. 17,568 25,143 32,133 32,815 40,400
(13210) Shingles, molding, wallboard 71,130 67,516 93,714 93,897 111,357
(13220) Nontextile floor tiles 2,156 2,531 2,734 9,218 11,334
(20000) Generators, accessories 149,375 184,006 286,690 356,714 428,098
(20005) Electric apparatus 528,672 554,288 816,755 921,292 1,269,973
(21000) Drilling & oilfield equipment 157,256 146,366 211,913 228,247 326,886
(21010) Specialized mining 87,976 87,690 92,502 100,321 118,286
(21030) Excavating machinery 103,812 149,818 227,509 190,159 171,138
(21040) Nonfarm tractors and parts 8,695 6,450 20,206 23,801 30,530
(21100) Industrial engines 258,499 340,959 845,466 861,906 798,432
(21110) Food, tobacco machinery 71,212 93,703 127,206 122,114 131,633
(21120) Metalworking machine tools 394,218 331,138 650,639 576,571 807,659
(21130) Textile, sewing machines 71,741 97,875 77,917 103,623 116,603
(21140) Wood, glass, plastic 152,500 178,217 287,957 179,375 209,778
(21150) Pulp and paper machinery 89,949 111,689 133,157 117,657 146,056
(21160) Measuring, testing, control instruments 539,571 703,480 996,202 1,073,031 1,333,293
(21170) Materials handling equipment 99,248 125,359 199,216 226,257 255,847
(21180) Industrial machines, other 1,106,265 1,167,534 1,911,342 1,532,734 1,976,961
(21190) Photo, service industry machinery 156,582 301,337 181,141 222,385 259,912
(21200) Agricultural machinery, equipment 54,460 63,042 52,807 91,375 94,658
(21300) Computers 289,990 264,559 302,252 360,670 404,009
(21301) Computer accessories 884,009 1,006,233 1,070,259 1,427,037 1,819,796
(21320) Semiconductors 1,589,522 2,447,029 2,938,303 3,363,899 5,876,315
(21400) Telecommunications equipment 1,074,342 916,487 1,020,814 1,004,259 1,276,616
(21500) Business machines and equipment 43,194 41,432 52,301 71,656 83,739
(21600) Laboratory testing instruments 171,907 228,187 275,451 323,308 404,658
(21610) Medicinal equipment 368,173 520,954 581,798 715,614 715,062
(22000) Civilian aircraft 3,146,162 2,148,172 1,617,532 3,796,234 5,301,621
(22010) Parts-civilian aircraft 290,336 292,271 345,466 570,526 826,906
(22020) Engines-civilian aircraft 203,404 248,883 157,552 147,443 215,427
(22100) Railway transportation equipment 14,689 34,084 54,287 89,359 220,034
(22200) Vessels, excluding scrap 192 9,073 110 191 62
(22210) Commercial vessels, other 1,163 681 17,500 8,702 1,927
(22220) Marine engines, parts 11,576 10,006 8,552 18,731 28,296
(30000) Passenger cars, new and used 25,895 56,754 113,401 398,625 559,419
(30100) Trucks, buses and special purpose vehicles 41,739 93,242 46,356 52,847 79,942
(30200) Engines and engine parts (carburetors, pistons, ri 52,203 72,446 107,703 97,262 121,046
(30210) Bodies and chassis for passenger cars 6,681 17,454 17,327 4,334 5,967
(30220) Automotive tires and tubes 278 619 9,810 37,638 8,761
(30230) Other parts and accessories of vehicles 287,348 341,706 503,241 509,962 671,075
(40000) Apparel, household goods - textile 22,163 18,106 29,242 45,300 30,701
(40030) Apparel,household goods-nontextile 48,205 49,788 47,466 55,572 70,529
(40050) Sports apparel and gear 1,393 1,678 2,037 3,359 4,664
(40100) Pharmaceutical preparations 163,309 162,380 146,677 229,328 275,086
(40110) Books, printed matter 37,558 40,854 45,148 53,892 61,855
(40120) Toiletries and cosmetics 25,007 31,917 47,444 73,328 110,874
(40130) Tobacco, manufactured 114 1,904 3,985 3,806 2,878
(40140) Writing and art supplies 113,218 90,814 78,705 95,303 120,263
(41000) Furniture, household goods, etc. 17,795 24,517 34,430 40,613 55,366
(41010) Glassware, chinaware 3,662 2,495 9,582 6,456 6,216
(41020) Cookware, cutlery, tools 12,021 9,327 16,250 20,314 15,867
(41030) Household appliances 80,179 129,287 173,825 178,600 170,096
(41040) Rugs 3,000 3,188 3,957 4,895 9,534
(41050) Other household goods 151,931 157,272 213,610 432,812 482,559
(41110) Pleasure boats and motors 4,834 7,564 17,953 42,664 52,009
(41120) Toys/games/sporting goods 49,986 48,456 85,798 99,567 135,339
(41140) Musical instruments 25,230 22,682 50,429 26,914 19,448
(41200) TV's, VCR's, etc. 79,115 129,382 165,393 126,206 111,359
(41210) Stereo equipment, etc. 34,144 32,413 44,226 179,705 244,189
(41220) Records, tapes, and disks 68,145 88,033 92,793 117,981 141,197
(41300) Numismatic coins 281 952 198 1,336 81
(41310) Jewelry, etc 9,675 7,050 9,894 12,501 11,392
(41320) Artwork, antiques, stamps, etc. 52,558 42,588 24,840 21,571 38,496
(42000) Nursery stock, etc. 1,514 647 1,687 1,789 3,362
(42100) Gem diamonds 9,266 15,019 17,658 21,117 28,804
(50010) Aircraft launching gear, parachutes, etc. 830 224 623 626 633
(50020) Engines and turbines for military aircraft 5,068 2,524 4,169 7,544 5,025
(50030) Military trucks, armored vehicles, etc. 46 0 6 0 0
(50050) Tanks, artillery, missiles, rockets, guns and ammu 92 141 5,176 629 355
(50060) Military apparel and footwear 12 452 7 14 299
(50070) Parts for military-type goods 10,991 7,926 10,084 9,804 7,227
(60000) Minimum value shipments 122,695 166,611 221,087 247,138 325,807
(60010) Miscellaneous domestic exports and special transac 103,144 94,123 117,268 135,587 161,146
TOTAL 22,127,790 28,367,943 34,744,053 41,925,281 55,224,163

Trade Statistics


17 posted on 05/17/2007 7:15:56 AM PDT by Toddsterpatriot (Why are protectionists (and goldbugs) so bad at math?)
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