Exports and Imports Equals Jobs

May 28, 2010

When rumors say that China is going to sell Euros or cash in on US Treasurys, stock markets tend to panic. Then China denies the rumors as they did recently. “Europe has been and will be one of the major markets for investing China’s exchange reserves,” China’s State Administration of Foreign Exchange says. Source: 24/7 Wall St

It would not serve China’s interests to hurt Europe or America’s economies since China exports more than 200 billion Euros worth of mainly industrial good to Europe, which means jobs in China. Europe also exports more than 80 billion Euros in goods to China, which translated into European jobs.

Overall, China imported $922 billion  dollars worth of products from the rest of the world last year while exports declined to an estimated 1.19 trillion.

Although exports to the U.S. fell in 2009 by 12.2% to 296.4 billion, China’s imports only went down to 69.6 from 69.7 billion dollars from the prior year so America improved its trade deficit with the PRC by 15.4% in 2009. This means jobs were lost in China but not as many jobs were lost in America from what America sells and exports to China.  Source: China Trade Statistics 2009

See Jobless in America and Angry at China


Lloyd Lofthouse is the author of the award winning novels My Splendid Concubine and Our Hart. He also Blogs at The Soulful Veteran and Crazy Normal.

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February 26, 2010

China was making tofu from soybeans more than two thousand years ago. But mention it to most Americans and it is “yuk” time.  American prejudices for tofu are so strong, most will not taste a morsel.  Horror fills faces and complexions turn green.

That’s why we never mention to the beefy McDonald’s, Burger King, Pizza Hut, KFC, cancer and heart attack  generations that eat at our house that the ice cream we serve is made from tofu or the chocolate pie is made from tofu or that …

They never know the difference. We reveal the truth after they eat and offer praise. Got the idea?

In China, I get up early to go the the nearest market that makes fresh soy juice and I buy it without sugar or sweetener added. There is no comparison. It’s warm. It’s fresh. It’s China. It’s different from the genetically altered, American, factory-farmed soy juice sold in American markets. That stuff is “yuk” and I don’t touch it.

There are thousands of foods that humans eat. Most Americans eat about a half dozen. Maybe soy and tofu is the secret explaining why there are more than 1.3 billion Chinese.

To read more about Chinese food visit I Ate No Dog – I Ate No Cat.

And, if you are curious enough to overcome your prejudices, visit one or all of these Websites and Blogs to learn more —


tofu and soymilk

Tofu or Not Tofu

History of Tofu

Gluten-Free and Sugar-Free Ginger-Baked Tofu with Agave-Peanut Sauce