One of the popular rants that the Chinese naysayers have been repeating is that the slowing U.S. economy will drag down the Chinese economy with it.
Today’s trade figures show that is hardly the case.
The Chinese trade surplus soared to $13.4 billion, up from $8.5 billion in February and way above the $6.9 billion the same period a year ago. The rolling 12-month surplus increased to $257.1 billion in March from $250.6 billion in February.
Exports to the U.S. may be slowing, but the rest of the world, particularly China’s Asian neighbors, are picking up the slack…and then some.
Related Posts
- China trade surplus continues to balloon (10/13/08)
- China expands trade with Asian neighbors (05/01/08)
- China-India trade surges (10/22/08)
- U.S. trade deficit continues to grow (12/11/08)
- U.S. Trade deficit jumps (09/11/08)
