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Thread: Trade surplus exceeds 112.53 billion US dollars, good news or bad news?
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[quote=APAULT,239932]No way is a trade surplus in itself a problem for China. Of course it may upset the Americans...but too bad!! Yes it is at the expense of pollution, but all production has a negative effect on the environment. To its credit, the Chinese governmeny has started to close down inefficient and highly polluting steel producers for this very reason. Of course the Americans are probably correct that the low rate of the RMB is a form of subsidy, but as I have said before, they have so many subsidies and trafe restrictionsthemselves, they are 'the pot calling the kettle black' (they are just as bad and are hypocritical in their complaints).[/quote]
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