垃圾不分藍綠

垃圾藍綠媒體也一樣垃圾!

有一個重要新聞

垃圾藍綠媒體居然都不報還是看不懂英文很可憐!

30年來中國首度出現貿易逆差!!

綠媒忙黑柯

馬媒忙黑蔡

垃圾到忙著當打手當走狗，連媒體的職責都不會了?? (台灣的大傳系的英文都很差，不長進)

出來混，總是得還的

習近平的好大喜功、窮兵黷武、小學程度、考試加分進建中....，終究會害死中國，把中國人民拖進經濟崩潰的深淵!

摘綠簡譯彭博社與各大媒體的hot line:

U.S. Earns More in China Than Trade Numbers Reveal

That leaves American companies vulnerable to retaliation by Beijing. It also gives them more reason to defuse trade tensions.

Daniel Moss

2018年4月18日上午5:00 [GMT+8]

Apple sells more iPhones in China than in the U.S.

Source: VCG via Getty Images

American companies are doing much more in China than the U.S. trade deficit suggests. It's their greatest weakness.

The deficit, the difference between what the U.S. imports from China and what it exports there, widened to $375 billion last year. It sounds like a lot. President Donald Trump and others take it as evidence that the relationship between the world's two largest economies is out of whack.

But comparing imports to exports is not a full picture of American commerce with China. A closer look reveals that U.S. firms are in significantly better shape than the deficit suggests -- and therefore also are more vulnerable to a trade war.

The huge missing ingredient in the trade deficit number is the business done in China by American companies.

General Motors Co. sells more cars in China than at home. There are more Apple Inc. iPhones used in the Middle Kingdom than in the U.S. Overall, China subsidiaries of U.S. companies sold $223 billion of stuff in 2015, reckons Deutsche Bank AG.

Much of that business isn't reflected in the deficit figures reported each month by the U.S. Commerce Department because the goods never actually cross a border. American firms' output is produced in China and sold in China. In the U.S., Chinese firms don't make and sell nearly as much. Deutsche Bank's estimate was just $22 billion.

That's ultimately a weakness in Trump's trade skirmish. U.S. companies are very exposed to retaliation by China that might go way beyond the question of tit-for-tat tariffs on imports.

The travails of Lotte Group might be instructive. The South Korean conglomerate was building a $2.7 billion theme park in China. Then relations between Seoul and Beijing deteriorated. China halted work on the theme park, in Shenyang in China's northeast, when tensions flared over South Korea's deployment of a U.S. missile shield in 2016. Lotte was also forced to suspend department store operations after alleged violations of fire-safety rules. Korean airlines were hampered, as was Hyundai Motor Co.

Trump has proposed tariffs worth $50 billion on Chinese imports as part of a formal process under Section 301 of the Trade Act of 1974. In what might have been a fit of pique, he ordered officials to consider a further $100 billion. U.S. exports to China amounted to $130 billion last year. If China retaliates in kind, it will run out of U.S. products to hit with tariffs. It might resort to measures other than tariffs. All those Chinese subsidiaries of American companies suddenly look like a target.

These operations are critical for American business. As sales overseas become more important for U.S.-based firms, China becomes more important still. The U.S. is due for a recession in the next few years; the expansion that began in 2009 is now almost the longest ever. At some point it will end. Strong operations offshore will compensate for softness at home.

American finance and industry, through their global sway and their presence in China, have access to some very senior Chinese officials. Of course big businesses are also influential in U.S. politics. There is hope for companies to steer both administrations away from punitive trade actions. Back channels may be the key to avoiding a trade war.

Corporate America is far bigger in China than the trade deficit would have you believe. Trump should keep in mind that the U.S. has a lot to lose.

(Corrects amount of additional tariffs under consideration in ninth paragraph.)

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Daniel Moss at dmoss@bloomberg.net

To contact the editor responsible for this story:
Philip Gray at philipgray@bloomberg.net

https://www.bloomberg.com/view/articles/2018-04-17/u-s-trade-deficit-does-not-reflect-subsidiaries-in-china

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https://www.ft.com/content/e9a60e5c-3ec3-11e8-b7e0-52972418fec4

China posts first trade deficit in over a year Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Save Save to myFT Alice Woodhouse in Hong Kong APRIL 13, 2018 Print this page Chinese exports fell back in March with the country posting its first trade deficit in dollar-denominated terms in more than a year. China’s dollar-denominated exports fell 2.7 per cent year on year in March, according to figures from the General Administration of Customs, coming in short of a Reuters poll forecasting a 10 per cent increase. Imports rose 14.4 per cent in dollar-denominated terms, higher than the 10 per cent increase forecast. That shook out to a trade deficit of $4.98bn, the first deficit since February 2017. Analysts had forecast a trade surplus of $27.21bn. The figures were released against a backdrop of growing US-China trade tensions with Beijing and Washington exchanging threats to impose import tariffs. Julian Evans-Pritchard, senior China economist for Capital economics, played down the significance of the trade deficit, however, citing seasonal factors and adding that he expects a surplus to return in April. He said: The upshot is that the latest trade data suggest that both domestic and foreign demand held up well in March. The biggest risk going forward is clearly that the current trade tensions escalate to the point where meaningful tariff barriers are erected. But even if this is avoided, trade looks likely to soften slightly over the coming quarters given that global growth now appears past its peak and China’s own economy faces rising headwinds from tighter policy.

https://www.ft.com/content/e9a60e5c-3ec3-11e8-b7e0-52972418fec4

U.S. Earns More in China Than Trade Numbers Reveal

護妻小霸氣大７撞爛違停車

見擋路叭一聲竟遭４煞棍棒砸窗

豐田引擎蓋遭掀開

雙方皆觸法警開罰

行車糾紛應先報警

中國南海演習嚇到草草結束？外媒爆：美航母直接開過去

U.S. Earns More in China Than Trade Numbers Reveal

護妻小 霸氣大７撞爛違停車

見擋路叭一聲 竟遭４煞棍棒砸窗

豐田引擎蓋遭掀開

雙方皆觸法警開罰

行車糾紛應先報警

中國南海演習嚇到草草結束？ 外媒爆：美航母直接開過去

護妻小霸氣大７撞爛違停車

見擋路叭一聲竟遭４煞棍棒砸窗

中國南海演習嚇到草草結束？外媒爆：美航母直接開過去