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    China GDP Claims Don’t Matter

    China’s State Statistical Bureau (SSB) announced second-quarter real gross domestic product (GDP) growth at 7.5 percent and first-half real GDP at 7.6 percent. High or low, whether it meets the official target or not, no one should care. GDP is a poor indicator of economic health—anywhere. It is especially poor … More

    Room for Improvement When It Comes to Services Trade

    The Obama Administration recently announced its intention to begin negotiations on an agreement to expand international trade in the services industry, such as the telecommunications, banking, and insurance sectors. According to a letter from U.S. Trade Representative Ron Kirk to Speaker of the House John Boehner (R–OH), the White House … More

    Trade Deficit Doesn't Matter - Trade Freedom Does

    On February 8, the government will release data on imports and exports for 2012. This annual release often ignites a misguided debate about trade deficits. A recent news report perpetuated a popular misstatement about how international trade works: Net imports suck cash out of the economy, subtracting from gross domestic … More

    Global GDP: U.S. Adds, China Subtracts

    China’s 2012 official economic numbers are due out at the end of this week and I, among others, will gently suggest that they aren’t particularly accurate. Sometimes, however, it isn’t Beijing that can’t get basic economic facts right. Sometimes it’s us. A lot of foreigners believe China is contributing a … More

    China No Help In Recession

    China announced last Friday that its economy grew 8.7% last year. Among other things, this will prompt a chorus of claims that China is leading the world out of recession. Wrong. The typical way of thinking about this is to take China’s and every other country’s GDP growth, add it … More

    China's Economic Report: The Good, the Bad, and the Completely Unbelievable

    China announced economic results yesterday. The results are simultaneously good, bad, and completely unbelievable. The good: GDP growth was put at 9% in the third quarter of this year. This would please almost any country in the world at almost any time. For this particular third quarter, the U.S. would … More

    Free Trade Fact of the Day

    The Department of Agriculture announced today that fiscal 2008 will be a record year for agricultural exports. USDA reports: Trade agreements have a significant impact on our ability to sell America’s agricultural products in world markets. … Canada and Mexico, our two North American Free Trade Agreement (NAFTA) partners, currently … More