{"id":328273,"date":"2010-02-16T09:36:42","date_gmt":"2010-02-16T14:36:42","guid":{"rendered":"tag:http:\/\/www.economist.com,2009:21004843"},"modified":"2010-02-16T09:36:42","modified_gmt":"2010-02-16T14:36:42","slug":"give-china-a-break","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/328273","title":{"rendered":"Give China a break"},"content":{"rendered":"<p>I NOTED <a href=\"http:\/\/www.economist.com\/blogs\/freeexchange\/2010\/02\/americas_trade_deficit\">last week<\/a> that over half of America&#8217;s currenct account deficit can now be attributed to net petroleum imports. And meanwhile, America&#8217;s trade balance has continued to improve. Today, Menzie Chinn helpfully <a href=\"http:\/\/www.econbrowser.com\/archives\/2010\/02\/the_december_tr_1.html\">provides<\/a> a chart:<\/p>\n<table border=\"0\">\n<tbody>\n<tr>\n<td><img loading=\"lazy\" decoding=\"async\" class=\"mceItem\" src=\"http:\/\/www.economist.com\/sites\/default\/files\/images\/blogs\/2010w07\/dectrade4.gif\" alt=\"\" width=\"550\" height=\"414\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In December, American exports to China were up just over 60% from the previous December, while imports were just 6% higher. And yet, were you to google &#8220;American imbalances&#8221;, the results would overwhelmingly focus on China and its currency policy, rather than on America&#8217;s reluctance to tax petrol or carbon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I NOTED last week that over half of America&#8217;s currenct account deficit can now be attributed to net petroleum imports. And meanwhile, America&#8217;s trade balance has continued to improve. Today, Menzie Chinn helpfully provides a chart: In December, American exports to China were up just over 60% from the previous December, while imports were just [&hellip;]<\/p>\n","protected":false},"author":4534,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-328273","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/328273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4534"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=328273"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/328273\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=328273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=328273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=328273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}