China: April Trade Surplus Nearly $17B

[Omaha Steve]

Source: Associated Press

China: April Trade Surplus Nearly $17B

Friday May 11, 3:50 AM EDT

BEIJING (AP) — China's monthly trade surplus more than doubled in April to nearly $17 billion, the government said Friday, adding to pressure on Beijing ahead of closely watched talks with Washington on its swollen trade gap.

The April trade gap of $16.88 billion was below February's $23.7 billion — the second-highest level on record — but in line with steady increases in monthly trade surpluses over the past year.

Chinese and U.S. trade envoys are due to meet May 23-24 in Washington for talks on Beijing's surpluses, currency controls, product piracy and other contentious issues.

Some U.S. lawmakers are pushing for punitive tariffs on imports of Chinese goods if Beijing fails to ease currency controls that critics say keep its currency undervalued, giving exporters an unfair price advantage and adding to China's trade surpluses.

Read more: http://money.excite.com/jsp/nw/nwdt_rt_top.jsp?news_id=ap-d8p221480&

[SpiralHawk]

1. "Cool." - Marvelous Marvin Bush, BFEE Crony-Connection to China

"They may be godless red commies, but we republicons have found a way to profit with them. So you noisy proles can just shut the fuck up and eat the rat-poison food supplements we are importing for you. Smirk, smirk, smirk."

- Marvelous Marvin Bush, republicon Brother of the Republicon-Crony-in-Chief

[Tempest]

2. U.S. trade deficit in April was $63 billion

We know who the real economic superpower is.


I don't understand why China doesn't call out the U.S. on the hypocrisy of complaining about China's currency while intentionally undervaluing the dollar.

[durablend]

3. Must be all those Melamine shipments!

Straight from the Hung Long Melamine/Pet Food Plant!