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Da !

04/04/01 9:50 AM

#1016 RE: Stock_Whizz #1014

You may feel that the best defense is a good offense, but I'm not going to play that game. Your argument that clients would not do business with CBQI due to U.S-Chinese politics was insensible. I pointed that out. Regardless of your response, that does not require me to explain CBQI's current share price.

You may not have bought goods originating from China, but you are probably the only American who doesn't. The following data is from the Commerce Department's International Trade Administration web site:

"The United States was the largest importer of goods from China in 2000, and China's second largest trading partner after Japan. According to Chinese statistics, China exported US$ 52 billion worth of goods and services to the United States, and imported US$ 22 billion, yielding a US$ 29 billion bilateral surplus. Chinese statisticians estimate that over half of China's exports were processed goods, and at least half of all processed products go to the united states. China also ran a US$ 35 billion surplus with Hong Kong. (Chinese statistics do not break out the value of goods transiting Hong Kong to another final destination. Many of the exports attributed to Hong Kong are in fact destined for the United States or Europe. This difference in recording practice also leads to a significant discrepancy between U.S. and Chinese bilateral trade statistics.)"