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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-12-10 10:26 AM
Original message
China overtakes Germany as biggest exporter..No longer USA
http://www.msnbc.msn.com/id/34788997/ns/business-world_business

BEIJING - China overtook Germany as the world's top exporter after December exports jumped 17.7 percent for their first increase in 14 months, data showed Sunday, in another sign of China's rise as a global economic force.

China surpassed the United States as the biggest auto market in 2009 and is on track to replace Japan as the world's second-largest economy soon. China passed Germany as the third-largest economy in 2007.

China's trade surplus shrank by 34.2 percent in 2009 to $196.07 billion, the customs agency said. That reflected China's stronger demand for imported raw materials and consumer goods while the United States and other economies are struggling and demand is weak.

________________________________________________________________________

Mr. Obama, in case you are listening.. countries with strong manufacturing base that actually MAKE THINGS and export them, are far stronger economies and have a higher standard of living.

While the USA is busy chasing CIA-created Boogeymen all over the globe.. the rest of the world is passing us by in the high speed lane.

Just thought you'd like to know.

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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-12-10 10:47 AM
Response to Original message
1. Not true...USA is actually the biggest exporter...
...of jobs.

While the USA is busy chasing CIA-created Boogeymen all over the globe.. the rest of the world is passing us by in the high speed lane. Couldn't agree more...:thumbsup:
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-12-10 09:56 PM
Response to Reply #1
2. "USA is actually the biggest exporter...of jobs."
Couldn't agree more.
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amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 08:49 PM
Response to Reply #1
5. US protects China in Afghanistan, as China soars and we're bogged down:
"Uneasy Engagement"



But the foot soldiers in a bowl-shaped valley about 20 miles southeast of Kabul are not fighting the Taliban, or even carrying guns.

They are preparing to extract copper from one of the richest untapped deposits on earth. And they are Chinese, undertaking by far the largest foreign investment project in war-torn Afghanistan.

Two years ago, the China Metallurgical Group Corporation, a Chinese state-owned conglomerate, bid $3.4 billion — $1 billion more than any of its competitors from Canada, Europe, Russia, the United States and Kazakhstan — for the rights to mine deposits near the village of Aynak.

Over the next 25 years, it plans to extract about 11 million tons of copper — an amount equal to one-third of all the known copper reserves in China.

While the United States spends hundreds of billions of dollars fighting the Taliban and Al Qaeda here, China is securing raw material for its voracious economy. The world’s superpower is focused on security. Its fastest rising competitor concentrates on commerce.

S. Frederick Starr, the chairman of the Central Asia-Caucasus Institute, an independent research organization in Washington, said that skeptics might wonder whether Washington and NATO had conducted “an unacknowledged preparatory phase for the Chinese economic penetration of Afghanistan.”
“We do the heavy lifting,” he said. “And they pick the fruit.”

The reality is more complicated than that. The Chinese bid far more for the mining rights to the Aynak project and promised to invest hundreds of millions more in associated infrastructure projects than other bidders. It is a risky venture that has not yet proved to be economical, and it has already been dogged by allegations of bribery.

But the Aynak investment underscores how China’s leaders, flush with money and in control of both the government and major industries, meld strategy, business and statecraft into a seamless whole. In a single move, Beijing strengthened its hold on a vital resource, engineered the single largest investment in Afghan history, promised to create thousands of new Afghan jobs and established itself as the Afghan government’s pre-eminent business partner and single largest source of tax payments.

Afghanistan is not the only place where the United States and China find themselves so oddly juxtaposed in the post-9/11 world. China is investing more in extracting Iraqi oil than American companies are. It has reached long-term arrangements to buy gas from Iran, even as the government there comes under the threat of Western sanctions for its nuclear program. China has also become a dominant investor in Pakistan and volatile parts of Africa.

snip

But even if elements of the agreement fall through, the Chinese have already positioned themselves as generous, eager partners of the Afghan government and long-term players in the country’s future. All without firing a shot.

Nurzaman Stanikzai was a mujahedeen in the 1980s, using American-supplied arms to help drive the Red Army from his homeland. Today he is a contractor for M.C.C., building the Aynak mine’s electric fence, blast wall, workers’ dormitories and a road to Kabul.

“The Chinese are much wiser. When we went to talk to the local people, they wore civilian clothing, and they were very friendly,” he said recently during a long chat in his Kabul apartment. “The Americans — not as good. When they come there, they have their uniforms, their rifles and such, and they are not as friendly.”

American troops do not, in a narrow sense, protect the Chinese. The United States Army stations about 2,000 troops in Logar Province, where Aynak is located. But an Army spokesman said they generally patrolled well south of the mine area and had not provided direct security for Chinese investors or mine workers.

The Afghan National Police, which does protect the mine, was largely built and trained with American money. The 1,500 guards the police have posted in and around Aynak are special recruits not drawn from the main force, according to Maj. Gen. Sayed Kamal, who heads the National Police.

But the conclusion is inescapable: American troops have helped make Afghanistan safe for Chinese investment. And there is no sense that either government objects to that reality.

snip

The Chinese, meanwhile, have rebuffed requests to join the Afghan war effort, saying that national policy forbids military action abroad except as part of a peacekeeping force. Instead, China’s foreign policy is based on commerce.

snip

The United States views Southwest Asia mostly as a security threat. China sees it as an opportunity. Decades of military cooperation with Pakistan, which shares India as a rival, have flowered into an economic alliance. A Chinese-built deepwater port in Gwadar, Pakistan, on the Gulf of Oman, is expected eventually to carry Middle Eastern oil and gas over the western Himalayas into China.
Afghanistan, which borders both Iran and Pakistan, drew scant attention from China until the middle of this decade.

snip

http://www.nytimes.com/2009/12/30/world/asia/30mine.htm... china copper&st=cse&scp=1&pagewanted=all
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Po_d Mainiac Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:44 PM
Response to Reply #1
6. Not true.........USA is biggest exporter of debt n/t
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 07:16 AM
Response to Original message
3. US has #1 industrial output and #3 in exports.
Edited on Wed Jan-13-10 07:21 AM by Statistical
US industrial output is roughly equal to China (#2) + Japan (#3) combined.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

Industrial Output
World: 14.9T
1) US: 2.7T
2) Japan: 1.2T
3) China: 1.2T
4) Germany: 0.8T

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dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 03:10 PM
Response to Original message
4. Which of those two has the higher standard of living you claim?
Edited on Wed Jan-13-10 03:12 PM by dmallind
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upi402 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-14-10 02:18 PM
Response to Original message
7. Buffet proposed Import Certificates to solve the problem
"Import Certificates are an idea for governmental economic intervention to fix a country's trade deficit. The idea was first proposed by Warren Buffett. In the United States, the idea was first introduced legislatively in the Balanced Trade Restoration Act of 2006. The proposed legislation was sponsored by Senators Byron Dorgan (ND) and Russell Feingold (WI), two Democrats in the United States senate. Since then there has been no action on the bill."

http://en.wikipedia.org/wiki/Import_Certificates

"This system would essentially create a broad-based tariff on imports to the United States."

If Dorgan and Feingold like it, so do I.


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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-14-10 07:04 PM
Response to Reply #7
8. Buffets plan is far too good and far too easy to be taken seriously.
Lobbyist, cronies, and politicians tend to like ultra complex schemes with tons of loopholes, legalese, and gotchas.

Buffets plan is pure genius in its simplicity.

If US exports say $5T then it can only import EXACLTY $5T. If there is more demand for imports them imports certs rise in value and thus create in implied tariff. The increased demand, increases tariffs, and at same time encourages exports (because they can sell these lucrative import tarriffs).

The system becomes self balancing.
High import demand = high import cert prices = high implied tariff.

High tariff spur domestic production (as it is higher margins under a high tarrif system)
High tariff also spur domestic exports (to sell high value import certs).

The combination reduces demands for imports and increases import certs which reduce value of tariffs.

Brilliant. Sadly it likely will never see light of day because it is self regulating. No need for lobbyist, or complex schemes. It simply works.
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