“Lithuania has a large negative trade of goods balance with China. In recent years negative trade balance was growing fast bus since 2014 it stabilised somewhat and in the last three years fluctuates between 550-650 million euros. In the period of 2011-2017 exports of goods grew twice as fast as imports – 20.8% on average per year and imports grew 10.5% on average, but because of a much higher share of imports negative trade balance still kept increasing until it stabilised in the last years”
Lithuania can surely start purchasing lots of things from other countries e.g. Korean, Taiwan, Vietnam, Malaysia, India, etc.
This is just an extremely uneducated news report.
Lithuania dragging the rest of Europe into their trade war because they desperately want to own the commies. Siding with Taiwan over the PRC is about as stupid as siding with Iran over the USA.
Im a bit of a pessemist on this, if China trying to bully Sweden all these years didt do it, why will France and Germany care if China tries to bully Lithuania. That said im cheering on Lithuania in this and hope it works.
8 comments
i knew lithuania would become famous for something…
just not this!
How many wake up calls do they need? Seriously delusional if Lithuania is the moment they finally opened their eyes
Can’t seem to wake up this coma patient.
I think it is quite possible to stop trade with China as a small country, especially since there is such a trade imbalance in favor of China. You can see based on the data here:
https://www.verslilietuva.lt/wp-content/uploads/2018/10/2018.09.11_China_EN.pdf
“Lithuania has a large negative trade of goods balance with China. In recent years negative trade balance was growing fast bus since 2014 it stabilised somewhat and in the last three years fluctuates between 550-650 million euros. In the period of 2011-2017 exports of goods grew twice as fast as imports – 20.8% on average per year and imports grew 10.5% on average, but because of a much higher share of imports negative trade balance still kept increasing until it stabilised in the last years”
Lithuania can surely start purchasing lots of things from other countries e.g. Korean, Taiwan, Vietnam, Malaysia, India, etc.
This is just an extremely uneducated news report.
Lithuania dragging the rest of Europe into their trade war because they desperately want to own the commies. Siding with Taiwan over the PRC is about as stupid as siding with Iran over the USA.
Im a bit of a pessemist on this, if China trying to bully Sweden all these years didt do it, why will France and Germany care if China tries to bully Lithuania. That said im cheering on Lithuania in this and hope it works.
We see what you did there, Lithuania :p