Fears of sharp slowdown of the Chinese economy as imports keep sliding

Tuesday, September 11th 2012 - 05:24 UTC

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China's exports grew less than forecast and imports fell in August, adding to fears about a sharp slowdown in its economy. Exports rose by 2.7% from a year earlier as global demand continued to remain subdued. Imports fell 2.6% from a year ago, indicating a decline in home grown consumption. Read full article

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ChrisR
I always thought the Chin were clever.

Following the stupid practices of the cnut Brown (who saved the world - NOT) and Bernanke in giving away money, and then reducing the reserve ratio is just asking for bank defaults.

It needs much more work by the Chinese Goverment on the Chinese people to stop saving (which is the real way of keeping money safe) and spend it instead.

Just not in their make-up.
Sep 11th, 2012 - 08:28 pm - Link - Report abuse 0
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British_Kirchnerist
Its been a bad year for the Chinese economy no doubt; but the west would kill for a “slowdown” like this...
Sep 15th, 2012 - 08:12 am - Link - Report abuse 0
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ChrisR
@2

I think you have missed the real point here.

They are terrified that this downward trend (with respect to the data preceding it) will continue or even get worse.

When industry has geared up for the seemingly ever upward and onward trend, by employing more people (from the countryside because there is nowhere else to get them) and buying new plant and machinery and then suddenly the brakes go on you end up with a lot of people out of work (which is happening).

Nothing excites the minds of a communist government more than the thought of dissesnt and 'action' by the people.

Remember a few years ago when the workers could not get home for their only holiday of the year due to the railways being unable to cope with the weather? It was the present 'Dear Leader' (he was waiting for the upcoming change in 'leadership' at the time) who went to the NE & NW areas to placate them and APOLOGISE!!! The Chin never apologise apart from superficiary diplomatic ones. His action was unique.

That is why a downturn is so dangerous. OK now?
Sep 15th, 2012 - 11:50 am - Link - Report abuse 0
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