Bill Belew has raised 2 bi-cultural kids, now 34 and 30. And he and his wife are now parenting a 3rd, Mia, who is 8.
China is headed for the world’s second largest trade surplus spot, ahead of Saudi Arabia and Russia and behind Germany.
A government think tank predicted China’s trade surplus would grow 66.4% to abt $170 billion.
The Chinese Academy of Sciences is saying a growth of more than 80% to $190 billion.
I predict China will be in the middle of a bundle of trade disputes.
China says it is trying to maintain annual foreign trade growth (10%) and encourage more imports to reach a balance by 2010.
China is already the world’s factory in clothing, textiles, and shoes. Electro-machinery products, steel and chemical products are next.
When the world starts buying those ‘made in China’ products, the trade surplus will grow even more.
Watch for more ‘yuan is not properly valued’ rhetoric and people crying dumping and what not.
The answer is for someone/anyone to produce the same quality of the product, any product, for the same price that China does.
Another answer – make a product that Chinese want and can afford and canNOT produce themselves.
What do you think?
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