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Don't mix the US which has a huge trade deficit, with Europe, which has an essentially balanced trade. As Crazy Horse has noted for wind turbine manufacturing, quality matters, and Europe increasingly has the lead there.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Jul 30th, 2008 at 11:44:06 AM EST
[ Parent ]
I'm not convinced the deficit matters from the Chinese pov - only local throughput, because that's what keeps people busy and 'growth' happening.

What the Chinese want to avoid is spending money abroad on manufactured items which could be made at home. (Albeit at lower quality.)

If EU trade is balanced, they won't be seeing a lot of room to move. So I suspect they won't be interested in windmills unless they're much, much better than they can make themselves.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jul 30th, 2008 at 12:07:49 PM EST
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