China's Trade Surplus Still at Record Highs

November's trade surplus was less than 2% shy of October's all time high of $23.8 billion. November's was $23.4 billlion. The United States responded by encouraging China to open its markets and ease exchange-rate controls.

The exchange rate has nothing to do with it. The chinese yuan has lost 3.3% in value since last year, and the trade surplus goes up.  Continue reading...