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franknitty711

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Something is up with the profit margin reports. I was at around a 9,000 gain and now am in the hole 6,000 with no significant losses on any of my stocks.

Im confused.
 

Donald J Trump

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Im been up 100 dollars every day since i bought my stocks this week, im happy with steady gains like that...
CCIH
WYY
RIBT
SPCB
&
RGDX been good to me
 

Scientific Playa

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Last updated: January 10, 2014 3:55 am

China overtakes US as world’s largest goods trader
By Jamil Anderlini and Lucy Hornby in Beijing

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©AFP
China became the world’s biggest trader in goods for the first time last year, overtaking the US for all of 2013 and finishing the year with record trade figures in December.

The total value of China’s imports and exports in 2013 was $4.16tn, a 7.6 per cent increase from a year earlier on a renminbi-adjusted basis, according to figures released by the Chinese government on Friday.

The US will release its full-year figures in February but its total imports and exports of goods amounted to $3.57tn in the 11 months from January to November 2013, making it a virtual certainty that China is now the world’s biggest goods trading nation.

“This is a landmark milestone for our nation’s foreign trade development,” said Zheng Yuesheng, chief statistician of the Customs Administration.

Mr Zheng said he expected a stronger showing in 2014, thanks to an improving world economy, the impact of structural reforms in China and a lowered outlook for commodity prices, which would help offset rising costs of labour and financing for Chinese manufacturers.

It is the first time in centuries that China has taken the title as the world’s biggest trader.

Some historians believe China was the world’s largest trading nation during the Qing dynasty (which lasted from 1644 to 1912). Others dispute this because of the absence of accurate figures and the ambivalence of Chinese emperors toward foreign trade, which regularly interrupted cross-border commerce.

According to the World Trade Organisation, the total value of China’s goods trade in 2012 was $3.867tn, trailing the US 2012 figure by just $15bn, or roughly a day and a half of China’s average daily trade value in 2012.

China’s rise to dominance of world trade has happened over a very short period, with the value of Chinese trade roughly doubling every four years over the last three decades.

The country became the world’s biggest goods exporter in 2009 and Chinese imports and exports now account for more than 10 per cent of global goods trade, up from just 3 per cent in 2000.

There has also been an enormous shift in the kinds of things China exports – from textiles, apparel and oil products to high-tech machinery and electronics.

In December, Chinese trade reached a record monthly high of $390bn with exports increasing 4.3 per cent from a year earlier to $208bn and imports up 8.3 per cent from the same month in 2013 to $182bn.

For the full year, exports totalled $2.21tn, an increase of 7.9 per cent on a Rmb-adjusted basis. That narrowly missed a target of 8 per cent full-year export growth set at the start of 2013 by the Chinese government.

Imports rose by 7.3 per cent from a year earlier to reach $1.95tn in 2013.

The country’s trade surplus widened 12.8 per cent to $260bn as exports to its largest traditional markets in the US and Europe recovered.

Total US exports were up 5.2 per cent in the first 11 months of last year, led by rising sales to China, which expanded 8.7 per cent from the same period a year earlier.

The US still has a big lead over China when it comes to trade in services.

China’s trade in services in 2012 was around $471bn, less than half of the US figure of $1.07tn.

The Chinese government itself has expressed some concern about Chinese trade data in late 2012 and early 2013.

Statistics officials have acknowledged that during that period export numbers in particular were distorted by a huge amount of fake invoicing by companies and individuals evading China’s strict capital controls to move cash in and particularly out of the country.

But analysts say even if this phenomenon is taken into account China still overtook the US to become the world’s largest goods trading nation in 2013.

Over-invoicing was partly responsible for a slowdown in monthly export growth from 12.7 per cent year-on-year growth in November to 4.3 growth in December 2013.

“We should be prepared for a period of low headline year-on-year export growth due largely to the faked exports data between December 2012 and April 2013,” said Lu Ting, China economist at Bank of America Merrill Lynch.

Thanks partly to the total size of its goods trade, China’s trade growth has been slowing in recent years, with 32.7 per cent year-on-year growth in December 2009, 21.4 per cent in December 2010, 12.6 per cent in December 2011 and 10.2 per cent in December 2012.
 

Domingo Halliburton

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