----- Original Message ----- From: "Eubulides" <[EMAIL PROTECTED]>
> [any guesses as to how much of this is intra-firm trade?] > > > > [New York Times] > August 26, 2003 > U.S. Job Losses Blamed on China's Currency > By ELIZABETH BECKER and EDMUND L. ANDREWS ==================== John Gulick is still having trouble subbing and asked me to forward: Ian Murray posted the following article: "U.S. Job Losses Blamed on China's Currency" and asked: any guesses as to how much of this is intra-firm trade ? My reply: This doesn't provide a precise answer to your question, but I read somewhere recently that around 75% of PRC's export growth (not total export value) could to be traced to TNC's (not exclusively US TNC's) importing parts, components, etc. from affiliates and joint ventures in China. My suspicion, which I vented earlier, is that the Bush Admin (as opposed to bona fide protectionist politicians from the textile belt, etc.) doth protest too much -- this is all a big show to keep China in the dollar zone, which is really what matters in the end. John Gulick ===================== The figures I've found is about 70%; 40%, possibly more, of the US trade deficit is intra-firm US based TNC's Ian
