tag:blogger.com,1999:blog-11027528911364475.post5917673175400984753..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: Is China Squeezing Out Other Exporters?Jakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11027528911364475.post-45329243525277115112009-07-31T16:02:28.091-07:002009-07-31T16:02:28.091-07:00Your post added some nice perspective. I think wh...Your post added some nice perspective. I think what Pettis was getting at is that China's surplus *looks* larger than it previously did. More of a matter of perception, and in keeping with the point of the post that trade tensions will be rising. Pettis's broader point, made across multiple blog posts, is that China is hardly exporting demand(on net), which it would need to do in order to drive a global recovery. When economic suffering is prolonged and trade tensions rise, obviously the country with the huge trade surpluses and manipulated currency is going to be targeted. And they are are also the country likely to be most hurt in a trade war, as the US was in the Great Depression.pwm76https://www.blogger.com/profile/06360404038525306119noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-44718945957637270882009-07-31T04:03:02.905-07:002009-07-31T04:03:02.905-07:00My post was likely (actually definitely) too U.S. ...My post was likely (actually definitely) too U.S. centric. While I do understand they are taking share, it has been incremental in the U.S., not near the 3x jump implied by Pettis.Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-31100050250782725092009-07-30T23:52:02.826-07:002009-07-30T23:52:02.826-07:00I am pretty sure you haven't actually looked a...I am pretty sure you haven't actually looked at any export numbers before coming to your conclusion. China's trade suprlus is largely unchanged while total trade deficits are sharply down, and the surpluses of nearly every one of its Asian neighbors have collapsed. Chinese exports have declined by less than half of the decline in their neighbors. And Chinese policymakers have been urging Chinese exporters to conintue expanding their market share of the export market. <br /><br />You might be the only person who has made the claim that China has not increased its share of exports, and I suspect that can only be because you haven't checked the numbers. Pettis may or may not have his math right (I think he does), but he is certainly right about the export picture. Why do you think other Asians are complaining so much about China?Anonymousnoreply@blogger.com