Bush, leave China alone, or else...

I'm fed up with the US government picking on China because of their

own financial woes: They went to war in Iraq, decided not only not to

hike taxes, but also cut them, but they want to have the cake and eat

it too. It's THEIR fault that there's a trade deficit, not ours. We

finance your war in Iraq by buying your (now worthless) falling dollar

(T-bond, Treasury bonds). And that's how you pay us back. Complaining

about our low Yuan; the trade deficit; and now you have the audacity,

the nerve and the gull to blame China for faulty products??? What

about the latest recall of 22,000 pound (10 metric ton) of US-grown

beef that was announced last week?? You made Japan hike their Yen and

as a result they went into a recession for 15 years, just because you

were so afraid they were buying out US companies.

And now, you bitch again - this time - about us restricting investment

in China in strategic industries by the Chinese government. So low!!!

Coming from a country that only recently announced measures to

restrict direct investment by "State-owned" (read: Chinese) companies

in US companies. You and your protectionist congress. Thank your good

luck, that most of the revenues created by your "multinational" (read:

US-based) companies, almost 60%, are created from abroad, including

China. And you want to restrict investments by China, Qatar, Russia

and others. What a yankee hypocrisy!!!

You know what? You've been enjoying our free lunch for way too long.

Unless you learn to shut up and be humble, and stop making China into

your own scape goat, let's see what's gonna happen if we dump all our

dollar reserves and invest in the Euro. I'm sure France and Germany

are much more receptive to Chinese investment, whine less about our

environmental record (as if you implemented Kyoto!!!). And we'll see

how you'll function after we get rid of our dollar T-bonds. And with

your already falling dollar, I'd rather buy Euros anyway.

http://www.abcnews.go.com/Business/wireStory?id=3721104

China's Trade Surplus Swells in Sept.

China's Trade Surplus Swells in Sept., Lifting Gap for First 9 Months

Above 2006 Total

By JOE McDONALD

AP Business Writer

BEIJING Oct 12, 2007 (AP)

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China's trade surplus for the first nine months of this year soared

past the full-year record set in 2006 as exports in September rose

nearly 23 percent, the government reported Friday, adding to pressure

for faster Chinese action on its currency and market barriers.

The trade gap in September hit its fourth-highest monthly level on

record, rising 56 percent over the year-earlier period to $23.9

billion, according to the Commerce Ministry.

hat pushed the total for the first nine months of the year to $185

billion, the ministry said, breaking the 2006 full-year record of

$177.5 billion. A Chinese cabinet think tank forecast in August that

the surplus for all of 2007 could reach $275 billion.

The Chinese government says it is not actively trying to inflate its

trade surplus. But some American lawmakers are pressing for sanctions

if Beijing fails to take faster action to ease currency controls that

they say are fueling the trade gap.

Economists expect the trade surplus the amount that exports exceed

imports to stay above $20 billion a month amid strong demand for

China's low-cost goods despite a string of warnings and recalls abroad

over faulty or tainted Chinese-made tires, toothpaste, fish and other

products.

Critics of Beijing's trade record say controls on China's currency,

the yuan, keep it undervalued and give Chinese exporters an unfair

price advantage in foreign markets.

U.S. and other foreign companies also are complaining that China is

obstructing access to its markets with new rules on investment, taxes

and other issues that appear to favor Chinese competitors.

China's exports rose 22.8 percent in September to $112.5 billion,

while imports were up 16 percent at $88.6 billion, according to

Commerce Ministry figures.

The country reported an all-time monthly high trade surplus of $26.9

billion in June.

Beijing has tried to restrain export growth by cutting rebates of

value-added taxes for exporters and imposing new duties on steel,

plastics and other goods that are considered too energy-intensive or

polluting.

The United States reported a $232.5 billion trade deficit with China

last year, its biggest ever with any country. The gap this year is on

track to surpass that.

Beijing has let the yuan rise by more than 9 percent against the U.S.

dollar since authorities revalued the currency in July 2005. A

stronger yuan is expected to help reduce the surplus by making China's

exports more expensive abroad, but critics say the yuan is still

undervalued and they want faster action.

American lawmakers are calling for measures to penalize China for its

currency controls, despite objections from Treasury Secretary Henry

Paulson, who is conducting a long-range "strategic economic dialogue"

with Beijing over trade and other disputes and says sanctions would

disrupt discussions.

The flood of export revenues also is straining Beijing's ability to

contain pressure for prices to rise. The central bank drains billions

of dollars a month from the economy through bond sales and has piled

up more than $1.3 trillion in foreign reserves.

Chinese customs statistics (in Chinese): http://www.chinacustomsstat.com

On Oct 12, 7:37 am, david_huang2...@hotmail.com wrote:

> I'm fed up with the US government picking on China because of their

> own financial woes:

There ya go...

And I'm tired of the maoists trying to poison US customers all the

time with their primitive cottage industry toxins.

PS: The US should give Taiwan nuslear defensive capabilities.

On Oct 12, 8:37 am, david_huang2...@hotmail.com wrote:

> I'm fed up with the US government picking on China because of their

> own financial woes: They went to war in Iraq, decided not only not to

> hike taxes, but also cut them, but they want to have the cake and eat

> it too. It's THEIR fault that there's a trade deficit, not ours. We

> finance your war in Iraq by buying your (now worthless) falling dollar

> (T-bond, Treasury bonds). And that's how you pay us back. Complaining

> about our low Yuan; the trade deficit; and now you have the audacity,

> the nerve and the gull to blame China for faulty products??? What

> about the latest recall of 22,000 pound (10 metric ton) of US-grown

> beef that was announced last week?? You made Japan hike their Yen and

> as a result they went into a recession for 15 years, just because you

> were so afraid they were buying out US companies.

> And now, you bitch again - this time - about us restricting investment

> in China in strategic industries by the Chinese government. So low!!!

> Coming from a country that only recently announced measures to

> restrict direct investment by "State-owned" (read: Chinese) companies

> in US companies. You and your protectionist congress. Thank your good

> luck, that most of the revenues created by your "multinational" (read:

> US-based) companies, almost 60%, are created from abroad, including

> China. And you want to restrict investments by China, Qatar, Russia

> and others. What a yankee hypocrisy!!!

Rest of simpleton rant deleted.

I have some made-in-China pet food you can have to put on your next

sandwich.

On Oct 12, 12:04 pm, cmdr buzz corey <cmdr-buzz-co...@mailcity.com>

wrote:

> On Oct 12, 8:37 am, david_huang2...@hotmail.com wrote:

>

>

>

> > I'm fed up with the US government picking on China because of their

> > own financial woes: They went to war in Iraq, decided not only not to

> > hike taxes, but also cut them, but they want to have the cake and eat

> > it too. It's THEIR fault that there's a trade deficit, not ours. We

> > finance your war in Iraq by buying your (now worthless) falling dollar

> > (T-bond, Treasury bonds). And that's how you pay us back. Complaining

> > about our low Yuan; the trade deficit; and now you have the audacity,

> > the nerve and the gull to blame China for faulty products??? What

> > about the latest recall of 22,000 pound (10 metric ton) of US-grown

> > beef that was announced last week?? You made Japan hike their Yen and

> > as a result they went into a recession for 15 years, just because you

> > were so afraid they were buying out US companies.

> > And now, you bitch again - this time - about us restricting investment

> > in China in strategic industries by the Chinese government. So low!!!

> > Coming from a country that only recently announced measures to

> > restrict direct investment by "State-owned" (read: Chinese) companies

> > in US companies. You and your protectionist congress. Thank your good

> > luck, that most of the revenues created by your "multinational" (read:

> > US-based) companies, almost 60%, are created from abroad, including

> > China. And you want to restrict investments by China, Qatar, Russia

> > and others. What a yankee hypocrisy!!!

>

> Rest of simpleton rant deleted.

>

> I have some made-in-China pet food you can have to put on your next

> sandwich.

We are sitting on 1.45 trillion US dollar reserves. Do you want us to

start blowing them in the wind and make you raise interest rate by 1/2

point? Think about it..