Trade Surplus Heads for $250B

"Landep News"

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The trade surplus with China this year is likely to hit one quarter of a trillion dollars.

The United States and Germany whine because they think the yuan currency in undervalued. 

Though the yuan=dollar rate has been adjusting, the trade deficit continues to climb.

What's to think that if China cut the currency rate in half it would make any difference?

China posted $185 billion in trade surplus the first nine months of this year, more than ALL of last year, already.

And Christmas is coming….

China needs to:

1. boost domestic consumption

2. increase imports

3. encourage outbound investment

4. resolve the imbalance.

The rest of the world needs to make something that the Chinese want at a price they can afford….THEN the deficit will work itself out.

What do you think?

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