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US August 2016 trade deficit with China rises to $33.85 billion | CNBC

Discussion in 'China & Asia Pacific' started by Martian, Oct 7, 2016.

  1. Martian

    Martian Captain SENIOR MEMBER

    Apr 16, 2010
    Likes Received:
    The US trade deficit with China rose 11.6% in August 2016 to $33.85 billion. This tells us the Chinese economy is becoming more competitive. Hence, the larger US trade deficit with China.

    China's Shenzhen-based DJI recently unveiled the world's most advanced portable drone (the DJI Mavic Pro). This will help push the US-China bilateral trade deficit higher. This is part of a long-term trend. Chinese companies will continue to invest in drone technology, industrial robot technology (such as China's purchase of Kuka), biotechnology (such as Beijing Genomics Institute), nanotechnology (see Suzhou Industrial Park), etc. to increase Chinese exports.

    By the way, the US-China merchandise trade deficit is not that politically sensitive. A large portion of the US-China merchandise trade deficit is recycled back into the United States through the China-US services trade deficit (e.g. Chinese tourists visiting the US, Chinese students studying in the US, Chinese purchase of US design and engineering services, etc.).

    US international trade deficit at $40.7 billion in Aug. vs. $39.3 billion expected | CNBC

    Last edited: Oct 7, 2016

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