U.S. more competitive with China?

According to a recent analysis of U.S.-Chinese trade figures from the Manufacturers Alliance for Productivity and Innovation (MAPI), Chinese export growth of manufacturers went from a “very high 19 percent in the first quarter of 2013” before “decelerating to 3 percent in the second quarter.”

In a report on the trade figures in manufacturers for the first half of 2013, Ernest Preeg, PhD, MAPI senior advisor for international trade and finance, noted that U.S. exports were flat in the first quarter year-over-year and grew by only 2% in the second quarter, said a MAPI release.

However, the trade balances showed an even more striking contrast: The U.S. deficit was up by 2% in the first quarter and was flat in the second quarter, while the extraordinary growth of the Chinese surplus of 28% in the first quarter reversed to a 5% decline in the second quarter. ...

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