Exports are up, but so is the trade deficit
(NEWSER) - China is growing richer, and it wants more and more of what our land produces. US exports to the country are up 50% over 2008, and food led the pack last year—soybeans in particular. Why? They're cheaper to import than feed grain, and are used to beef up cattle and poultry, satisfying the country's growing preference for a meat diet, reports the Washington Post . China is also bringing in more of our dairy products, pork, beer, wine, and snack foods. The demand for nuts is growing so much, in fact, that the formerly struggling pecan industry is on the up and up. Other hot items: cars, medicine, and even trash, which copper and aluminum are pulled from. More»
