China Tops Oregon's Export ListA story on The Oregonian website is timely, given the arrival of Chinese President Hu Jintao in Washington D.C. today. While the U.S. has a large trade deficit with China, the rising Asian power "looms large as Oregon's top foreign customer."
The article explains, "China surpassed Canada in 2008 as Oregon's biggest export customer. After retreating briefly, Chinese purchases surged again in 2009. This likely reflects Intel's shipments of equipment to the company's new factory in Dalian, China", along with parts made by TriQuint for the popular Apple iPhone and iPad products. High-tech exports dominate Oregon's sales to China.
University of Oregon Index Rises
Last week, the University of Oregon Index of Economic Indicators was released for November 2010. The index rose by 0.9 percent. Indicators were generally positive overall, but received an additional boost due to trucking activity. The index analysis draws the following conclusion: "The steady to upward trend of the UO Index since August suggests the state's economy stabilized in the final months of 2010 and is poised to improve in 2011."
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