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Good work, America! Your insatiable thirst for cheap Chinese goods sucked products worth $878 billion across the Pacific in the past nine months. That's a 27% increase over last year. What about the Chinese Poison Train? Dong Tao at Credit Suisse scoffs at your concerns: "You know, 40 million toys may be bad for dozens of toy makers in Dongguan. But that's small potatoes for China's over $1 trillion a year of exports." [NYT]
Good work, America! Your insatiable thirst for cheap Chinese goods sucked products worth $878 billion across the Pacific in the past nine months. That’s a 27% increase over last year. What about the Chinese Poison Train? Dong Tao at Credit Suisse scoffs at your concerns: “You know, 40 million toys may be bad for dozens of toy makers in Dongguan. But that’s small potatoes for China’s over $1 trillion a year of exports.” [NYT]
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