Both your links (same data) are ESTIMATED data for imports to be achieved in 2014. My Bloomberg link below (from early 2013) is facts for 2012, the first year China imported (and exported) more than the US did, so that made "news" at Bloomberg.
http://www.bloomberg.com/news/artic...-to-become-the-world-s-biggest-trading-nation
Here are some specific factual (not estimated) data from it:
" U.S. exports and imports of goods last year totaled $3.82 trillion, the U.S. Commerce Department said last week. China’s customs administration reported last month that the country’s trade in goods in 2012 amounted to $3.87 trillion. "
Hmm, so the CIA Fact Book isn’t credible? Well that isn’t surprising. You believe without question everything published by the state controlled Chinese propaganda machine and nothing published by the US government. You even believe in unsupported baseless American government conspiracies (e.g. US loaning out Germany’s gold reserves). As previously and repeatedly pointed out to you, not everything favorable thing you read in the press about China is true.
And also as repeatedly pointed out to you and always overlooked by you is China has history of fudging its economic numbers in order to make the Chinese state look better. That’s why one can never take Chinese self-reported economic data as gospel, and yet you do. You unquestioningly accept whatever the Chinese state says as gospel truth and on the other hand you accept very little of what the US government publishes (e.g. US unemployment numbers) and you go even further by promulgating alleged US government conspiracies for which you have NO credible evidence. (e.g. gold conspiracies).
Since you are unwilling or unable to reference any of the material showing how China fudges its economic numbers, I’ll post some of that material instead of just posting URLs. Close your eyes BillyT you don’t want to see this:
“It’s typically advisable not to accept Chinese economic data at face value –as even the country’s own premier will tell you. Figures on everything from inflation and industrial output to energy consumption and international trade often don’t seem to gel with observation and sometimes struggle to stack up when compared with other indicators.
How the figures are massaged and by whom is as much a secret as the real data itself. But in an unusual move, the National Bureau of Statistics – clearly frustrated with the lies, damn lies – has recently outed a local government it says was involved in a particularly egregious case of number fudging, providing rare insight into just how we’re being deceived.
According to a statement on the statistics bureau’s website dated June 14 (
in Chinese), the economic development and technology information bureau of Henglan, a town in southern China’s Guangdong province, massively overstated the gross industrial output of large firms in the area.”
http://blogs.wsj.com/chinarealtime/2013/06/19/a-rare-look-into-how-china-fudges-its-numbers/
An investigation by the state statistician into a sample of 73 out of a total 249 firms counted in the data found that 38 were too small to be counted as large firms and so shouldn’t have been included, and a further 19 had either stopped production, moved out of the town or otherwise ceased to exit.
The statement said that 71 companies surveyed by the statistics bureau had industrial output of 2.22 billion yuan ($362 million) in 2012 in total, but that the local government recorded it as being 8.51 billion, almost four times as much as the actual figure.”
http://blogs.wsj.com/chinarealtime/2013/06/19/a-rare-look-into-how-china-fudges-its-numbers/
Here is the bottom line here BillyT you are an advocate for the Chinese state. You ignore data which is unfavorable to the Chinese state and believe without question every piece of propaganda from the Chinese state while disbelieving US economic data and promulgating dire unfounded US government conspiracies (e.g. US government loaning out German gold deposits). The irony here is that China is a closed state. It isn’t transparent. It’s data isn’t open to public inspection. The US data you don’t believe is. Yet you believe without question whatever the Chinese state wants you to believe.
As I stated, in post 875, US does have greater volume (dollar value) in services provided, as Bloomber confirms:
That really isn’t the issue here. The issue is you discount services and unfortunately for your China thesis services do have value. That’s why they are reported. The unfortunate fact for you is the US economy is much larger than China’s. The US economy is more diversified and stronger. The US economy accounts for a quarter of world quarter of world GDP. China, using China’s inflated numbers, accounts for half that amount.
Although your posts are rich in personal attacks and make false claims about what I said /posted, they don't have any backing from reputable sources of facts (Estimates are not facts.)
You put words in my mouth with statement below, which contradicts what I actually said about international trade in services. I even suggested that England (as well as US) provided world with more "services" than China did!
Oh my, bold wording again. Unfortunately all the bold wording in the world isn’t going to help you or make your words any less false. The only one putting words in your mouth is you and facts are not personal attacks. They are just facts, nothing more and nothing less.
joepistole said here:
http://www.sciforums.com/threads/bric-news-comments.84022/page-44#post-3333910↑ (end of first paragraph)
"No you don't Billy T, you inform with "misinformation". ... China isn't the largest importer of goods and services. The US is the largest importer of goods and services."
A couple of things, one; you said I claimed you contradicted yourself. Misinformation isn’t a contradiction BillyT. Misinformation and contradictions are not synonyms. This whole post and the ones which preceded it have very clearly demonstrated your misinformation. Yet you want to pretend the identified misinformation doesn’t exist…seriously? As proven by the multiple references including a CIA and other references, contrary to your assertion, China isn’t the largest importer. And the numbers you rely on are overstated, the degree and amount of overstatement is not known. But it is known China’s numbers, the numbers you so love, are overstated and cannot be relied upon. But that doesn’t stop you from relying upon them.
I never said that China was world's largest importer of services. I said exactly the opposite, (first paragraph of post 875) so choke on the words you stuffed in my mouth.
* underlined in the original as it is there a "click-on" link to:
http://www.bea.gov/newsreleases/international/trade/2013/pdf/trad1212.pdf
This is obfuscation.
Note my posts are filled with links to FACTS (not estimates) and many reference to post numbers where quoted statements were first said. - You don't have even one of either type - just claims.
Facts issued by the Chinese government. As endlessly pointed out to you on this and other issues, Chinese government economic numbers are fudged; no one of merit believes them. Credible people don’t believe them because they don’t add up. One of the things you don’t understand is that economic numbers fit together like a glove. China’s economic numbers don’t add up. And therefore they cannot be believed. Given the problems with Chinese economic data, perhaps not even China knows it true numbers. The CIA’s estimates are the best it gets for China’s economic data.
PS I'm still waiting for at least one example of me posting "misinformation" about China as you said I did in your personal attack that starts your post 878.
This whole post and the ones which preceded it are very clear examples of your misinformation. Denial isn’t a river in Egypt BillyT.
