China admits $10 BEEELLION tech trade deficit Despite a growing trade surplus with the rest of the world and a claim to be the global centre of tech manufacturing, China’s technology exports were worth $US10bn less than its imports in 2011. Zhou Liujun, a senior official with the Ministry of Commerce, told a press conference at the Shanghai International Technology Fair …
OK, call me an idiot, but if everyone has a trade deficit and is pretending to import more than export where is all that sh*t manufactured?
I smell something something fishy... Like the smell of massaged stats early in the morning to have an excuse to continue sabotaging other countries economies by artificially adjusting the yuan exchange rate...
perhaps there should be a chinese version of Linux to bring balance to the trade?» There is, indeed, at least one Chinese version of Linux, Red Flag Linux. Never tested it, so can't say how good it is....
Henri
"buying a fleet of 60 Airbus A320s, not something they will be doing on an ongoing basis I wouldn't have thought."
Normally they only need to import one example of a tech product....
Having said, that Airbus recognise this, and have established a local "final assembly" plant in Tinjin. Whether that's enough to stop very similar aircraft appearing from different, non-Airbus factories only time will tell.
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