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Copper has more than doubled as a share of total import value during this time as well.
FORBES: First-Quarter Trade Deficit Highlights China's Delicate Balancing Act
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The fact that a 21 percent increase in the value of the Yuan was met with a 38.7 percent increase in import value means that the quantity of Chinese imports demanded increased by nearly 15 percent after the price change.
FORBES: Economists Ignore the Facts in Supporting Chinese Currency Legislation
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In other words, if the price of Chinese goods to American consumers increased by 21 percent (on average) and Americans reduced their consumption of Chinese goods by less than 21 percent, then demand would be considered inelastic, the price effect would dominate, and total import value would rise (adding to the trade deficit).
FORBES: Economists Ignore the Facts in Supporting Chinese Currency Legislation
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Now, China, Korea, a whole bunch of Asian nations would love to import some high-value-added, high-tech stuff that could create huge numbers of jobs here in the United States.
WHITEHOUSE: President Obama Closes Forum on Jobs and Economic Growth
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China recently began to import some African-manufactured value-added goods, such as processed foods and household consumer goods.
FORBES: China Turns Its Focus To Africa
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The allegation itself is entirely nonsense of course: the rise in UK food prices is largely because the currency has fallen in value and we import 40% of our food.
FORBES: The Real George Osborne: World Development Movement's New Campaign
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Acceding to De Beers's requests for secrecy, it refuses to disclose figures on the import and export of rough diamonds, their origin or their value.
ECONOMIST: How to stop diamonds paying for nasty African wars
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And when US firms that imagine a product, then package, market and sell it, can import cheaper inputs, that improves profit margins, adding to shareholder value.
FORBES: Stock Returns Versus GDP
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In particular, import growth is likely to be held back by a decline in the value of petroleum imports.
FORBES: The Economy This Week: Hope For Improving U.S. Trade Data
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The raising of the value of the Yuan can make it less expensive for China to import oil and other commodities but can also increase the price of oil to the U.S. consumers as the value of the dollar continues to decline.
FORBES: China Momentum Continues, But What Does It Mean?