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China fact of the day
Or is it Europe fact of the day? Switzerland fact of the day?
Beijing is now Europe's largest source of manufactured imports, but the 27-nation bloc, with a population of about 470 million people, exports less to China than it does to Switzerland.
Here is the article.
Posted by Tyler Cowen on November 8, 2007 at 07:36 AM in Data Source | Permalink
Comments
In my opinion, this is rather a roast cockerel pecking Europe's collective head, as the Russian proverb says. Europe may not like market economics, and it need not follow the strictures internally, but there's no running away from the consequences of its imbalances on international markets.
Posted by: A Tykhyy at Nov 8, 2007 7:50:33 AM
That reminds me, I have a big imbalance of trade with Wal-Mart. I better start selling them some of the software I write soon...
Posted by: nathan at Nov 8, 2007 8:18:09 AM
My largest trade deficit is with the Federal Government.
Posted by: 8 at Nov 8, 2007 8:48:07 AM
nathan, why don't you just let your currency depreciate?
Posted by: mobile at Nov 8, 2007 2:33:12 PM
mobile,
I suppose the Fed is taking care of that one for me just fine. ;-)
Posted by: nathan at Nov 8, 2007 4:10:36 PM
Let see on this situation from this point: if suddenly China stops selling jeans to Europe, than nudism will be government policy, cause nobody in Europe still produce jeans (in such volumes). And seems to me if you wrap yourself in the best software you can find, you'll perish from the frost anyway :-)
Posted by: An78 at Nov 9, 2007 3:02:06 AM
This might be more of a US post of the day than anything else.
1. EU trade deficit with China is smaller than that of the US
2. EU's total trade deficit is several times smaller than that of the US
3. EU exports to China may be less than those to Switzerland, they are substantially more than US exports to China.
Posted by: Great Zamfir at Nov 9, 2007 9:11:52 AM
Remember the last time Europe ran up a huge trade deficit with China?
Posted by: jb at Nov 9, 2007 9:27:40 AM
Just goes to show how much Switzerland is dependent on Europe. However, and that's just as interesting: Switzerland actually has a positive trade balance with China and they're not the biggest trade partner by far, either.
Posted by: Cynical Masters Student at Nov 12, 2007 3:55:14 PM
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