Thursday, February 3, 2011

Trade with China

There is a lot of talk over the impact trade with China has had on the United States and global economies. Hu Jintao in his meet with President Obama claimed China's exports to the United States (so stuff we bought from China) saved American's more than $600 billion dollars from 2000 through 2010. In addition the exports additionally created 14 million jobs. We need someone to unload the ships and remember China is a very large country for selling domestic goods. If you're curious the United States lost 3 million jobs in manufacturing industry that are in competition with China while gaining 19 million jobs in other industries during the same time period.

We it turns out he may have underestimated the impact, and China's exports have actually saved U.S. households even more and created more jobs.

1 comment:

  1. It is definitely going to make a huge impact and as normal traders, it is important to stay careful, if we make even the slightest of mistakes we might end up with nothing. I am working with OctaFX broker where I get really good analysis for daily market and trading with that helps me succeed, so that’s why I always prefer it and also suggest it to others to try their service since it’s free as well, so definitely ideal to have that.