Press release, 30 June 2010
China’s Trade Surplus with United States is over-rated as less than a third of the export value is retained in China.
China has come under criticism in the United States for having a large trade surplus with the US. In reality, little of the gross surplus (as little as 30%) is retained in China. Thus, the trade surplus that China enjoys with the United States is over-rated.
This article was tagged: Financial Crisis