2012-03-09, 22:55 | Link #20022 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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China February trade deficit at $31.5 billion as imports leap
http://www.reuters.com/article/2012/...82904820120310
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2012-03-10, 07:16 | Link #20023 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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2012-03-10, 09:16 | Link #20027 |
Senior Member
Join Date: May 2007
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Well, that I don't know. I think it is reasonable to expect that they do, but on what scale and how it affects the economical data, that I don't know. Considering my sister who just got a brand new iphone which I think it is too expensive for a shining object (a lots of cheaper alternatives with the essentially the same functions), I have an idea of where the extra import comes from.
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2012-03-10, 09:33 | Link #20028 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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2012-03-10, 09:42 | Link #20030 |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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You referring to site of manufacture, storage or the contractor's country?
And I think I have to agree with Tom on the IPhone being an overpriced shiny object. My sister has one too, while I went for an Android Galaxy worth half as much.
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2012-03-10, 10:09 | Link #20032 | |
Me, An Intellectual
Join Date: Apr 2009
Location: UK
Age: 33
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Last edited by Haak; 2012-03-10 at 10:20. |
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2012-03-10, 13:02 | Link #20034 | |
Senior Member
Join Date: May 2007
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You'd be correct you meant component such as mother boards. But for the assembly, it is definitely in China.
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Last edited by Tom Bombadil; 2012-03-10 at 13:12. |
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2012-03-10, 16:00 | Link #20035 |
Senior Member
Join Date: Jan 2012
Location: London, England
Age: 37
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While China exports a lot of finished goods they also import a lot of commodities. In recent months their trade surplus has been falling due to falling demand in the US and particularly the EU for their products. On the other hand China's demand for commodities continues to increase so the current account will narrow and now it seems the surplus has turned to a deficit.
To put this increased commodity demand into some perspective I have heard that Chinese imports of oil surged by 18.5% year-on-year and now they import almost 6 million barrels of oil a day. That increase of 18.5% equates to 0.93 million barrels a day which at prices of about $120 a barrel (which is about the average price of brent oil in February) that would equate to $3.23 billion in increased costs for that month compared to February of last year. That increase in demand accounts for about 10% of the entire deficit (which stood at $31.5 billion). Off course we must note that there were increases in demand for other commodities that also contributed to this deficit. We should also not assume that China will begin producing perpetual deficits but it could be a sign of things to come seeing as I don't see China's demand for commodities wavering any time soon on the other hand I can see demand for their finished goods increasing at a slower rate. Last edited by monsta666; 2012-03-10 at 16:14. |
2012-03-10, 16:45 | Link #20036 | |
Obey the Darkly Cute ...
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Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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2012-03-10, 19:45 | Link #20037 |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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Sorry, separate topic:
The U.S.S. Enterprise undergoing its final voyage (the real one): http://www.npr.org/2012/03/10/148375...ge?ft=1&f=1001
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2012-03-10, 21:06 | Link #20038 |
Gamilas Falls
Join Date: Feb 2008
Location: Republic of California
Age: 46
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If there was a way, we should keep Enterprise. So many firsts.
Her predecessor survived the Second World War with the longest combat record and amount of awards, and sat for over ten years waiting to be made into a museum...never happens. USS Enterprise (CV-6) was scrapped in 1958 to make room for this Enterprise (CVN-65). Though I will be a little suspicious if she don't return from this final voyage to the Middle East.
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Last edited by Ithekro; 2012-03-10 at 21:40. |
2012-03-10, 22:18 | Link #20040 |
Megane girl fan
Join Date: May 2011
Location: Diagonally parked in a parallel universe.
Age: 55
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R.I.P Moebius
As a reader of Heavy Metal during my late teens and throughout my 20s, I'm quite saddened by this news. Spoiler for A sample of his work.:
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current affairs, discussion, international |
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