The China trade surplus cost an estimated 2.3 million American jobs according to a study released by the Economic Policy Institute according to BusinessWeek.
The study estimated that between 2001 and 2007 the China trade surplus cost $19.4 billion in lost wages with China trade in exports of computers and electronic parts accounted for half of the $178 billion increase overall.
The states hardest hit according to the study on the effects of the Chinese trade surplus include California, Texas, New York, Illinois, Ohio, North Carolina, Washington, D.C., Virginia and West Virginia.
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1 Terrence // Sep 1, 2008 at 4:36 pm
For readers’ possible interest, here is a link to an excellent research report on China’s economic outlook:
http://www.globalsecuritieswatch.org/PRC_Sovereign_Risk_Review.pdf
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