Expect higher prices at Lowes and Home Depot
China will significantly cool exports this year as it makes slashing its record trade surplus one of its most urgent tasks, Commerce Minister Bo Xilai has said.
"Cutting the huge trade surplus is the priority task for 2007," the China Daily quoted Bo as saying.
"The yawning surplus with the United States and the European Union has strained China's foreign trade environment, triggering more frequent trade friction."
SPIIDERWEB™ recommendations: 1) Buy what you need now. 2) If you own stock in Lowes, Home Depot, Office Depot and WalMart or any other company which relies on China for their merchandise, divest immediately.
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