The US Trade Deficit With China In August Was &Nbsp High, Reaching 28 Billion 960 Million US Dollars.

2011/10/14 11:13:00 45

The US Department of Commerce's 13 day report shows that the US trade deficit with China hit a new high in August, reaching US $28 billion 960 million.

According to the US Department of Commerce, the US trade deficit with China increased from $26 billion 960 million in July to $28 billion 960 million in August, and the trade deficit with China increased by 7.4% in that month.

From specific

Import and export

Data show that in August, US exports to China increased by 2.9% to US $8 billion 410 million, but imports from China also surged 6.4% to 37 billion 360 million US dollars, resulting in a deficit between imports and exports.

On the whole, the overall trade deficit in the United States dropped slightly to about $45 billion 610 million in August this year, less than the $45 billion 800 million expected by economists.

The latest data in the US China trade deficit coincided with the sensitive period. The US Senate just passed the bill of exchange aimed at punishing the renminbi. Some members tried to pass the bill to the house of Representatives. However, the speaker of the house of Representatives, Bona, opposed the idea of "ultra vires" and the possibility of a trade war.

The latest data is likely to be part of the bill to promote the bill.

Excuse

Shen Danyang, spokesman of the Ministry of Commerce of China, said earlier that the current situation of Sino US trade is the result of the division of labor and structural adjustment in the whole world. The trade deficit between the United States and China in other countries and regions is also due to the fact that the US restrictions on the export of high-tech products to China are also important reasons.

China has a trade in goods with the United States.

surplus

But the long-term deficit of service trade.

Shen Danyang pointed out that China has been the fastest growing main export market in the United States in the past 10 years.

Forcing the appreciation of the renminbi can not solve the problem of Sino US trade imbalance, nor solve the employment problem of the United States. It will weaken the efforts of China and the United States to jointly promote the global economic recovery.