This was posted in Asia this morning.
(http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,214557,00.html?)
Since the US is China's biggest customer, this means US trade balance will be much worse than expected.
QuoteDisliked(http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,214557,00.html?)China trade surplus swells to record US$23.8b in Oct (http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,214557,00.html?) 09/11/06
CHINA has posted a record trade surplus of US$23.83 billion for October, a result that easily beat forecasts and fanned expectations that Beijing will come under new pressure to let the yuan rise faster.
Since the US is China's biggest customer, this means US trade balance will be much worse than expected.