U.S. is overestimating trade deficits with China, business group maintains
Article Abstract:
A recent report released by the US China Business Council claimed that Dept. of Commerce figures on the US trade deficit with China are overstated by 50%. The report stated that the Commerce Dept.'s estimates are inaccurate because they do not allow for certain statistical distortions brought about by the passage of this trade through Hong Kong. The agency is scheduled to come out with a report placing the deficit at $34.9 billion.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Shrinking trade imbalance allows Washington to crow about its strategy
Article Abstract:
The Clinton administration is taking credit for reducing the trade deficit with Japan from $47.2 billion in 1994 to $46.8 billion in late 1995. They also believe that the US will continue to gain in exports over Japan, with export sales reaching $47.5 billion by Sep. 1995. Most of these exports were motor vehicles, telecommunications and sound equipment and chemicals.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Total Access shares receive high ratings from most analysts. Analysts pluck bargains out of Thai finance sector
- Abstracts: Taiwan's approval of direct shipping to China is seen having little impact now, big potential. Taiwan shippers aren't likely to profit much from direct sailing to mainland
- Abstracts: Suharto juggles protection of industries with opening economy to foreign firms. Rupiah's liberty deals double blow to debt-laden firms; painful adjustment to foreign-exchange volatility dawns upon southeast Asia's market change
- Abstracts: Japanese PC makers are back, posing threat to US firms' success at home. NTT Data's initial success may signal turnaround in Japan's market for IPOs
- Abstracts: Shallow approach to beams. The journeymen: building a timber frame. Composite timber framing: composite timber beams are being used by architect Architype as an ecological framing method for self-build houses