MercoPress. South Atlantic News Agency
Good news from China: manufacturing, retail sales and investment up in August
China's industrial production increased by more than expected in August the latest sign that the world's second-largest economy may be on the mend. According to data released on Tuesday factory output climbed 10.4% from a year earlier. Retail sales and fixed asset investment also rose during the month. Read full article
Comments
Disclaimer & comment rulesI don't trust Chinese government economic indications too much.
Sep 11th, 2013 - 01:10 am - Link - Report abuse 0However a Chinese slowdown hasn't translated into any real effect on Australia yet.
It's the peak of the manufacturing cycle for all the Chinese crap to be in the western shops ready for Christmas.
Sep 11th, 2013 - 07:25 am - Link - Report abuse 0If the shops haven’t got it by the end of November at the very latest then they won’t take it.
So nothing to shout about.
2
Sep 11th, 2013 - 09:08 am - Link - Report abuse 0It is not quite as rushed as you make out, Christmas goods are a very small proportion of goods manufactured in China.
Christmas goods have already been shipped from China as it takes about 4 weeks for a container to reach the UK alone.
Most importers have already taken delivery of goods for xmas.
Orders from importers are taken in late January early February for xmas goods from China!
The xmas goods are displayed for orders at the Spring Fairs at the beginning of the year across the world!
Most goods including xmas decorations are manufactured earlier!
.......This peak has nothing to do with xmas goods!
3 A_Voice
Sep 11th, 2013 - 12:36 pm - Link - Report abuse 0One of my businesses involved transporting containers from the docks to the customers and collecting empties from the holding companies, taking them to UK firms for loading (mainly waste paper and scrap metals) and then to the docks.
The second wave of Chinese crap (manufactured in August) arrives at the end of September / early October.
You will be telling us next that the slump in UK transport just after Christmas has nothing to do with Chinese industry closing for a minimum of four weeks to allow the factory slaves back to see their families in the country.
4
Sep 11th, 2013 - 01:07 pm - Link - Report abuse 0So you transported containers ...that is not the same as importing goods...trust me all those importers....busily selling their wares at the NEC over the weekend have taken delivery of xmas stock and will deliver it now if you will take it!
You are indeed right about the Chinese workers.....deserting the factories and going home into the heartland....but it's not the factories allowing them.....they can't stop them...they have no choice!
You might say ...I have some experience in this area!
5 A_Voice
Sep 11th, 2013 - 03:26 pm - Link - Report abuse 0There are two points here:
1) The facetious tone that you normally use gives you a reputation for being a clown, that makes it difficult to believe you now. Your statement that “they can’t stop them” is correct so perhaps you do have experience in this area;
2) We didn’t deliver containers to importers, we delivered direct to the likes of Tesco, Morrison and before they folded, Woolworths. So we were very close to the stores, which is not the case with importers. I cannot ever remember having deliveries for “importers’ as such.
Bad news from China: the oficial economic data may be way off.
Sep 11th, 2013 - 03:32 pm - Link - Report abuse 0“China says Yunnan county 'faked' economic data”
”28 companies in Luliang in south-west China reported a total of 6.34bn yuan ($1bn; £660m) in industrial output value in 2012 ... initial calculations showed the actual value was less than half of that - 2.8bn yuan.“ ... ”if this issue is widespread, and the numbers are inflated, then growth may not have been as strong as it seems and that means policymakers may have underestimated the seriousness of the problems that China is facing“
http://www.bbc.co.uk/news/business-23968472
”The trouble with Chinese data“
”The trouble with Chinese data is that government officials have been set targets in the successive Five-Year Plans that govern the country's economic planning. And no official would want to miss their target. So, it probably creates an upward bias in their reporting and overstates Chinese growth. ”
http://www.bbc.co.uk/news/business-23968472
6
Sep 11th, 2013 - 04:39 pm - Link - Report abuse 0Well there's two ways of looking at this, either like I keep saying, I don't tell lies or everything I say is a lie
If I have being telling no lies, then I obviously do have to do some degree of work to be able to afford the things I have.....like a piece of the USA
The companies that you have been dealing with are different.... they import for themselves...and direct to either a distribution hub or the stores.
The “Importers” that do in fact, do the most ordering from China are supplying most of the retail stores in the UK and to a certain extent the likes of ASDA, Tesco etc......As they don't have all there products manufactured.....like the importers do.
Woolworth's did have a large proportion of their goods manufactured for them but not all.
A bit like Poundland does now....but also buys from the importers at a slightly higher cost to have a greater selection of products.
...and I don't know where you were operating from for the supermarkets or how that works with goods coming from the EU...most of the crap coming from China comes through Felixstowe.
The importers mainly display their goods at Fairs like the Spring Fair and the Autumn Fairs at the NEC and even buyers from ASDA etc will see what they have....the first Christmas Fair in the UK is always in Harrogate in January before the NEC in Feb or the Frankfurt Fair which is pretty good.....and the NEC international Autumn finished last week!
It's the same in the US there is a huge fair in Dallas where the vendors will meet the buyers from the likes of Dillards or JC Penney etc and sell them all the seasons imports.
....Even Trolls have got to do something to earn a crust!
I have to say that you do know the upstream side of container importation.
Sep 12th, 2013 - 07:02 am - Link - Report abuse 0I had forgotten about Poundland and yes, Felixstowe took in most of the Chinese rubbish.
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