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No, it's not. The components that China imports from elsewhere to assemble iPhones will be credited as China's import value. The same happens recursively for t
by riobard 16y ago
No, it's not.
The components that China imports from elsewhere to assemble iPhones will be credited as China's import value. The same happens recursively for those countries that export the components to China until it eventually traces back to U.S. export.
If you just look at the difference between China and the U.S., then yes it will look bad. But the two thing will cancel out each other in the whole system.
The metric is fine. Just don't take it at face value. The sad part is that it is often abused for political reasons.
- zwieback 16y agoExactly - Looking at one product or sector or country in isolation makes no sense at all.
- deleted 16y ago[deleted]
- nostromo 16y agoNot really. Check out this WSJ article: http://online.wsj.com/article/SB10001424052748704828104576021142902413796.html http://online.wsj.com/article/SB1000142405274870482810457602... "Mr. Lamy said if trade statistics were adjusted to reflect the actual value contributed to a product by different countries, the size of the U.S. trade deficit with China—$226.88 billion, according to U.S. figures—would be cut in half."