14 May 2009

China syndrome

Interesting facts on the current state of US China economic flows..

The International Monetary Fund April 2009 Global Financial Stability Report details China as the world's largest exporter of capital in 2008 with 24.2%. The same report details the US as the world's largest importer of capital, at 43.0%. According to US Census Bureau Foreign Trade Statistics for January and February of 2009, the US ran a cumulative trade deficit of approximately $35 billion with China - the US's largest deficit trading partner. In January and February of 2008, the US ran a cumulative trade deficit of $39 billion with China, also our largest deficit trading partner across the first two months of last year. In 2008-2009, our trade deficit with China declined by 10% for January and February. In March 2009, US imports from China declined by $1.4 billion from March 2008.


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