Compared with Germany and other trading nations, China’s trade surplus is not much. Germany had the highest proportion of GDP, trade surplus reached 8%, and some Gulf states affected by resource endowments, but also long-term large surplus.
Arguments against the RMB exchange rate undervalued, the United States in March this year the Economic Policy Institute, “China’s unfair trade led to the American unemployment,” the report, the trade deficit with China, leaving a total of 7 years in China 241 million U.S. jobs.
“China’s trade surplus to countries from the analysis of specific, mainly from the United States and the European Union, Japan, South Korea, ASEAN is a deficit, Russia, Australia is a small deficit, can not be generally said that the deficit caused by China’s exchange rate lower.” Weiwen said.
China’s trade surplus in very different for different trading partners. In the first half, China’s foreign trade surplus of 55.3 billion U.S. dollars in Japan, Korea and Taiwan combined deficit of 101.46 billion U.S. dollars there, while the U.S. and the EU were $ 77,050,000,000 and $ 62,030,000,000 surplus.
American Chamber of Commerce’s “2009 White Paper on American Business in China” shows that even a serious impact in the international financial crisis in 2008, 74% of U.S. corporate profits in China, 81% of the enterprises over the next 5 years, said business prospects in China optimistic.
Meanwhile, the scale of China’s trade surplus is not large, the proportion of GDP, below 3% in most years. After 2005, the surplus only by the accelerated growth in 2008 reached 298.1 billion U.S. dollars, accounting for 6.9% of GDP.
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