We buy advanced electronics from them, they buy Soybeans from us. Makes sense for trade between a technologically advanced country (China) and a country which is primarily an agricultural supplier (US) to the high-tech economies of Asia.
Clearly, our soybean producers do not manufacture enough electronics. Maybe a Five Year Plan is in order. /s
posted on 01/29/2011 6:30:16 PM PST
And the electronics we buy from China isn't that advanced; it's consumer-based stuff. India, Taiwan, and Japan make it. The Chinese use cheap labor to make it cheaper than anyone else. But advanced? No.
posted on 01/29/2011 6:53:34 PM PST
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