MercoPress. South Atlantic News Agency
China trade surplus jumps in January, with imports increasing by 10%
China's trade surplus jumped to 31.9bn dollars in January, easing concerns the world's second-largest economy may be stuck in a slowdown. The figure was up 14% from a year earlier and stronger than forecasts for a 23.7bn surplus. Read full article
Comments
Disclaimer & comment rulesYB.... ??
Feb 13th, 2014 - 02:15 am - Link - Report abuse 0LOL
yanqui?
Feb 13th, 2014 - 08:07 am - Link - Report abuse 0:)
Where's that damn Yankeeboy at?
Feb 13th, 2014 - 10:21 am - Link - Report abuse 0Well, here are three gullible people easily taken in by ChINDEC figures.
Feb 13th, 2014 - 11:44 am - Link - Report abuse 0There are an increasing number of British companies that are ditching their links with China and bringing their manufacturing tooling back to the UK due to the Chin breaking their contracts over implementing quality changes without consulting their British customers beforehand resulting in very upset customers.
Still, we will see within the next two or three years whether China can break out of the crap routine into value for money. Japan used to make crap but they managed to break out, not too sure about a commie country though as their businessmen are getting increasingly fed up with being told what to do.
The problem for Uruguay is they are so used to crap made by the few Uruguayo manufacturers who are left that they don’t realise that there are better products for similar costs elsewhere; until that is Pepe and the Aduanas have their 50% plus 22% IVA on top.
So funny most of those exports go to Hong Kong but never actually make it out of there and no other country can account for the imports.
Feb 13th, 2014 - 01:24 pm - Link - Report abuse 0I wonder why that is, such a small island accounting for so many imports.
How odd
Hahaha
“ The positive trade figures also add to expectations China will overtake the US as the world's largest trading nation this year.”
Feb 13th, 2014 - 04:44 pm - Link - Report abuse 0LOLs
@ 6 Cab Ad Azure
Feb 13th, 2014 - 07:12 pm - Link - Report abuse 0By whose figures are you going to declare that China has overtaken the US?
ChINDEC? Ha, ha, ha.
If two recognised finance organisations publish it independently then I will take my hat off to you.
I have put January 2015 into my computer diary so we will see, won’t we?
7
Feb 13th, 2014 - 07:47 pm - Link - Report abuse 0“Cab Ad Azure”.....wtf??? Has your daughter given you your pills old man
Did I say that with pin point accuracy the Chinese will overtake the Americans as the first traders in the world?? Or does it say people expect it to do so??
LOL....Perphaps you, YB, Anglotino et. al should prey to heaven that God delivers a Christian warrior king that devastates China, Persia, Afghanistan, Russia, Pakistan and the Middle East like they did in the 1200s
I think the chances of Ghengis Khan and his undead- zombie Mongol hoards raising from the graves and re-commencing a campaign of conquest, destruction butcher and subjugation of Asia are higher than the US and Europe reverting there decline to the Eastern powers by 2020.
http://www.youtube.com/watch?v=p_PoSyBRHeU
Cd dare I say Toby, The people you are arguing against live in the real world not the fantasy world you created living in the as* end of nowhere.
Feb 13th, 2014 - 08:02 pm - Link - Report abuse 0Chine will not over take the USA in any stat you can think of in your lifetime.
9 piss off troll boy
Feb 13th, 2014 - 08:06 pm - Link - Report abuse 0Hahahaha yanqui, how feeble of you :)
Feb 13th, 2014 - 08:32 pm - Link - Report abuse 0Is that crystal ball getting dusty again?
Hahahahaha
CabezaDura2
Feb 13th, 2014 - 08:53 pm - Link - Report abuse 0I said China will be rich and powerful but not the richest and most powerful. Nor a superpower.
I argued with demographics which are not vague estimates but concrete facts.
You didn't rebut me or even argue my points, so your pathetic comment above that included me is again indicative of the tenor of many if your recent posts: vacuous.
Ohh Shut up
Feb 13th, 2014 - 09:22 pm - Link - Report abuse 0I had enough of your double standards and rubbish Anglotino...
When I implied that a old Chinese worker is far better who worked all his life, no complains and peddles back and forward from his humble house to his workshop than a younger obese ghetto uneducated woman called Sha’Nay Nay.
You played the victim game.
And I counter argued with the work ethic –culture, health rates, obesity rates, crime rates…
And you fled...Go and suck up to YB & ChrisR.... Because objectivity and neutrality is what you will never account for.
Well I see you finally reverted to your true colours AGAIN CabezaDura.
Feb 13th, 2014 - 11:59 pm - Link - Report abuse 0“double standards and rubbish” is what your posts are descending into just the like the last time you were here.
I don't flee. Unlike you I don't need to reply to every single post on here. I am quite happy to let someone have the last word when I have said what I want.
You talk about the old Chinese worker who works and consumes so little.
But what happens when he stops work? What happens when China's workforce shrinks? Who will support this little old Chinese worker that you used to peddle and not complain?
China's demographic profile is nearly exactly the SAME as Japan in 1990. But China got there quicker.
In 1990 the predication was that Japan was going to overtake the US. It’s economy was stronger and it had no debt problems.
China’s youth cohort drops so rapidly between the 2000 and 2010 censuses that Japan’s looks like a gentle slide in comparison.
How do I know how many 20 year old will China have in 2020? I look at how many births there were in 1990. They will be 60 in 2050, you can’t change that fact.
That is demographics.
And China’s demographics are alarming. Its workforce is already shrinking. And its unproductive and non-tax paying elderly are ballooning.
China’s perfect storm of demographics can be summed up in 3 lines:
TFR.
4-2-1.
Bare branches.
Beijing’s TFR is 0.7. So 3 married couples will average only 2 children between them. That’s a generational drop. 6 people are replaced with just 2.
China’s TFR? 1.18. Do the math.
And with longer life spans, one productive Chinese worker will need to look after 2 parents and potentially 4 grand parents. 4-2-1.
And worse. What if he is a bare branch? One of the 30 million Chinese men that will never find a wife or have children because of the dearth of female births.
But by all means talk about Sha’Nay Nay – because that will change China’s demographics how exactly?
Again you might as well expect for the Mongol hoards to charge through the Gobi deserts and kill 500 million Chinese… LOL
Feb 14th, 2014 - 01:16 am - Link - Report abuse 0You are just talking out of your own wishful thinking. The numbers are far from a demographic winter as you describe.
For starters half the population is still rural… Do you know what that means? Rural old will die happily besides there vegetable garden, their pair of chickens and a pig. They don’t need caring, I tell you this because I have known in Argentina many old people that live simply with their little patch of land and they have had a ealthy lifestyle during their whole life so they visit much less the Doctor than a city old would . Im sure its not going to be different in China. But in Western countries like Argentina there is over 90% of urban population. So it’s a complete game changer.
China’s retirement age has being since the 1950s at 60 YO. Its going to be increased estimates say over 65 for men, but don’t forget life expectancy is not that long either its around 72 for men and 78 for women.
When you have a VAT that is round about 46,4% of China’s GDP I think even the Chinese poor have contributed their fair amount of share to the system. As VAT is something that you pay for food, clothing which is the bulk of the poor's Budget goes to
Hopefully their property bubble explodes and the prices for accommodation become much more cheaper for countryside young who are willing to try their luck in the city
There is a couple indicator that already debunks your comparison but I just left them for the end
Obesity rates..
China…5%
US….33% (2008)
And most telling and more decisive.... Health expenditure as % of GDP
China…5,2%
US…18%
Ohhh let me not forget... what about those 18% unemployeed Young americans who havent contributed since the 2008 crisis and are going to pay for the Baby boomers retirement in the US ??
CabezaDura2
Feb 14th, 2014 - 02:44 am - Link - Report abuse 0The more you write about the China, the more is obvious that know so little. The fact that you think housing prices is preventing migration to cities means you are totally unfamiliar with the hukou system.
“Rural old will die happily besides there vegetable garden, their pair of chickens and a pig. They don’t need caring”
This ranks as one of the most farcical things I have ever read on this site and believe me, that is saying something. Such a claim is not only totally unfounded, but ignores the length of time that person may have been consuming government taxes instead of creating them. Look up dependency ratio.
I am not making up the demographic figures so as for your analogy of Mongol hordes…. well refer to my earlier post.
“The numbers are far from a demographic winter as you describe”
How? China has a TFR of 1.18 and little immigration. How is that not a demographic winter. How do countries turn around such a crash in population? Japan can’t seem to.
As for the rise in the retirement age, did you ask why? Because of the drop in the size of their workforce. But they won’t be able to raise it high enough to counter this.
China’s entire population has been predicted to START declining in 2020 – that is only 6 years away. More people will die every year than will be born. And this will accelerate and compound. No baby boom can stop this.
America is still rich and successful with all the problems you highlight, but China is nowhere near that level of wealth. It will be the first country to grow old before it grows rich.
And how's that yankeeboy or ChrisR was WRONG, China has overtaken the US in something:
http://www.bloomberg.com/news/2013-09-03/china-catastrophe-hits-114-million-as-diabetes-spreads.html
As for this utopia you seem to believe exists, the truth is always far more complex:
http://www.bloomberg.com/news/2013-09-03/china-catastrophe-hits-114-million-as-diabetes-spreads.html
Wow that is pathetic!!
Feb 14th, 2014 - 03:37 am - Link - Report abuse 0If the system you talk about was so heavy upon the rural immigrants how come in 2011 alone 242 MM moved into the cities?? Or you are just desperate to prove me wrong or that I don’t know enough about the matter??
You completely reject my argument about the rural old and then say to me “Such a claim is not only totally unfounded”… I’m telling you this because in Argentina you will find many rural old folk who live in solitude with the land, the save most of their lives and do with what they have. I assure you they take very little from the system. Even many years after their family leave them for a life in the cities. But what would you know about this if you live in a liberal PC bubble of downtown Melbourne or Sydney who would have a heart attack with no internet in 24 hours.
Before I advance further in argument you already lost.
You keep stupidly repeating that Japan was about to supplant the US economy by the early 1990s (¿?) What was Japan in the 1980s 150 MM?? For fock sakes Get real!!! The US was 200 MM, and its what 50 times bigger in size?? LOL it doesn’t stand in comparison. In the 1990s Sony kept on manufacturing Tvs, cameras, Video recordes Isuzu and Toyota kept on exporting cars and pickups even if they had in average older folk. Japan simply has reached its limit ever since like Europe has.
Look there was a point to why China implemented the one child policy…. I have a clue for you… T reduce its actual population, so what if China even reduces to 1000 MM by 2030 it will still be the second most habited nation on the planet. Don’t forget that GDP per Capita in China is also increasing dramatically.
Your articles don’t disprove that China only spends 5% in its GDP on healthcare while the US 18% And even if Chinas homicide rates is double that which the gov’t says its far more secure than the US which is about 5 homicides per 100.000 even in your article it says so… You are a comedy
@ 8 Cab Ad Azure
Feb 14th, 2014 - 10:22 am - Link - Report abuse 0It’s an anagram of your tag, but more appropriate and I think amusing. If you prefer I could refer to you by a more definitive term such as IDIOT given the contents of your reply to me.
“By whose figures are you going to declare that China has overtaken the US?” As you clearly do not understand past, present and future tenses, my reply WAS IN THE FUTURE. You have never “said” anything with pin-point accuracy on MP as far as I can remember and when challenged you drop back into abuse and calling names YOU MORON. See, we can all do it, it’s just that my name calling is descriptive, not subjective.
And I just love this example of your inability to think what figures really mean:
“There is(SIC) a couple (SIC) indicator(SIC) that already debunks your comparison but I just left them for the end
Obesity rates..
China…5%
US….33% (2008)
And most telling and more decisive.... Health expenditure as % of GDP
China…5,2%
US…18%
These figures just reinforce what all the modern world posters have been saying: China cannot feed itself and vast numbers of the population are malnourished and the Commies in charge don’t give a damn about the health of their people.
You really should calm down and stop ranting nonsense, it makes you look even more uneducated and unintelligent than ever.
CD, you are out of your depth when talking about China. You have 3 people telling you why you are wrong yet you go on and on like what you are saying is correct.
Feb 14th, 2014 - 12:31 pm - Link - Report abuse 0Give up and stick to talking about Argentina.
18
Feb 14th, 2014 - 02:16 pm - Link - Report abuse 0“Cab ad Azure” ¿?_____________________________________CabezaDura
Really??
Ohh I know you tried to make it an anagram… You are not very creative nor smart are you?? God you are basic
I’ll give to hints if you want to insult me with some more grace and wit.
As that is what you want to do because other than actually discuss China all you can do is question their numbers. But you cant say at all anything substantial about the matter. LOL you dont know what those figures even mean old man.!!
Try with these anagrams….
“CabezaBurra”
“CaraDura”
Those anagrams are far more close to my actual name, a little bit of grace and Argentine wit …
Now go and take your pills don’t forget to change your nappies.
I only talk civilized to those who are worthy of respect, I’m not going to take any abuse from YB and his lapdog bullies such as yourself and Anglotino.
Respect goes the two ways, you don’t have to agree with me…But simply calling me Cab Ad Azure and saying I’m wrong is not good enough to prove you right
20. A good analogy to China today is the Soviet Union in the middle of the 20th century, when it was driving its agrarian economy into the industrial age and was among the fastest growing countries in the world. It went as far as it could by adopting the well-established industrial practices of the West, then ran out of steam in the 1970s. At some point, the low-hanging fruit is gone.
Feb 14th, 2014 - 02:29 pm - Link - Report abuse 0http://www.csmonitor.com/Books/chapter-and-verse/2012/0806/Why-Nations-Fail-Will-this-be-China-s-century
http://www.csmonitor.com/Books/chapter-and-verse/2012/0806/Why-Nations-Fail-Will-this-be-China-s-century
http://www.csmonitor.com/Books/chapter-and-verse/2012/0806/Why-Nations-Fail-Will-this-be-China-s-century
There are 1000s of good research papers on the subject. Why don't you spend some time reading them instead of looking the fool.
And so you will find 1000s books, papers that say otherwise...Pffff. Even the Goldman Sachs CEO, Lloyd Blankfein said in Davos this year this will be China's century and they are the only real engine of the world economy
Feb 14th, 2014 - 03:04 pm - Link - Report abuse 0http://www.cnbc.com/id/101359418
The surname Greek guy commented the same false argument anglotino uses that “Ohh yes Japan was expected to overtake the US in the 1990s, never happened”...
And the USSR dind't even have a capitalist economy. Are you even serious??
In less than a decade you'll be proven wrong. Until then you should be more concerned on how you're going to afford to eat.
Feb 14th, 2014 - 03:14 pm - Link - Report abuse 0Yeah im thinking about losing some weight...
Feb 14th, 2014 - 03:34 pm - Link - Report abuse 0Instead of considering so much whataboutry of what China's missing to get to the top you should consider why the US is falling on its feet in so many other matters.
The reality is China's economical influence is all out for grabs.
Nobody else is diplomatically conquering and investing so much in Africa and Latam in order of having a secure raw material input for its manufacturing power. I think that really speaks volumes. You can go back to overpricing US assets, printing paper and borrowing your way to the top.
The USA is growing economically. It is quite impossible for China to match our GDP in the next generation. If you don't believe me figure it out yourself it is simple math.
Feb 14th, 2014 - 03:53 pm - Link - Report abuse 0We're by far the strongest country militarily.
There is no country or group of countries that could or would dominate us.
So I am just not sure what you are saying? What you are trying to make us believe?
I live in the USA, my eyes are open. I know what is going on and I don't see what you are talking about. I think it is merely a figment of your imagination.
@ 20 Cab Ad Azure
Feb 14th, 2014 - 04:12 pm - Link - Report abuse 0“hh I know you tried to make it an anagram… You are not very creative nor smart are you?? God you are basic”
I didn’t try, I succeeded unlike you for BOTH attempts.
As an uneducated person you clearly do not understand that for any anagram you must use ALL the letters (10)in the original word, or in your case your tag. The “2” does not count, it is not a letter. Both of your feeble attempts that you laughingly describe thus: “anagrams are far more close to my actual name, a little bit of grace and Argentine wit …” just shows how out of touch you are.
“Respect goes the two ways, you don’t have to agree with me…But simply calling me Cab Ad Azure and saying I’m wrong is not good enough to prove you right”
You STILL have not read my post have you? Please cut and paste from my original reply where I said you were wrong.
BTW, Cab Ad Azure is not a derogative term, nor was it intended to be so but you have let yourself down by not understanding what it means.
Hell perhaps China has already overcome the US economy as this article says or it will do so in 2016...
Feb 14th, 2014 - 04:14 pm - Link - Report abuse 0http://www.newyorker.com/online/blogs/johncassidy/2013/06/china-cant-be-contained-it-has-to-be-accommodated.html
http://www.newyorker.com/online/blogs/johncassidy/2013/06/china-cant-be-contained-it-has-to-be-accommodated.html
I believe you will have a good extra time or advantage so long as China takes its time to catch up with the Shale boom of the US. Later say 2020 it will be a forgone conclusion. My grandfather a very brilliant man said to me in the 90s when I was a kid that the US and China will rival each other when I was his age... It seems things turned out to be far faster than he predicted.
27. As I have said before one of us will be right and one will be wrong. Let's see in a decade.
Feb 14th, 2014 - 06:03 pm - Link - Report abuse 0Good that you plan on dieting, it now takes 2 full days of avg Rg wages to buy meat and lettuce. Good gracious you can forget about the tomatoes and onions.
Hahahaha
JHAhaahaha ¡!!
Feb 14th, 2014 - 06:34 pm - Link - Report abuse 0From
“Unless there is an alien invasion the USA will be the richest most powerful nation long after you and your grandchildren are dead and rotting.”
to
“As I have said before one of us will be right and one will be wrong. Let's see in a decade.”
There is a huge gap in between these statements…LOLs
Hey YB don’t abandon your lapdogs…ChrisR has being putting such an effort on what to call me, that the poor old craps himself in the process.... He wants to keep on beliving that ChINDEC accounts for the massive investments, trade and diplomatic advances in Latam that Diego Guelar’s book “La invasion silenciosa, El desembarco Chino en Sudamerica” November 2013 accounts so detailed about..
He believes Chinese influence and consolidation in Africa is also a invention of the ChINDEC
http://en.wikipedia.org/wiki/Africa%E2%80%93China_economic_relations
http://en.wikipedia.org/wiki/Africa%E2%80%93China_economic_relations
Somehow they are doing this only because of the fun of it and because they want to pretend they are becoming hegemony. All fake ChINDEC.
Help him please, he doesn't have a mind or independent criteria of his own.
@ 29 CabezaDura2
Feb 14th, 2014 - 08:23 pm - Link - Report abuse 0Why do you keep telling lies about me, is it because I have defeated your argument and all you have left (as usual) is to try and change the subject?
Certainly seems that way to us.
I coined the word ChINDEC to demonstrate what the Chin are up to with the lies they are telling the international community, but it seems they know there audience well, YOU have fallen for it.
Dear me, you must try harder than this, you are looking a complete idiot now.
30
Feb 14th, 2014 - 08:55 pm - Link - Report abuse 0LOL… Im not changing subject, im debunking yourself imposed beliefs that the chinese are lying about their numbers whith a fact that you dont seem to understand its meaning…Im not saying ChINDEC doesn't exist. im questioning its length....Which BTW and before I forget the earlier numbers of health expenditure as % of GDP as well as other social statistics come from the CIA fact book.
https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
And old man… Explain how sluggish China’s manufacturing sector is if they are desperate for grabs in Latam and Africa. Even this Article says China’s appetite for fuel, iron ore and coppers has increased..
How can it be that China is investing billions in these continents, it has become the main trade partners of so many of these countries in the region. Even Uruguay is being selling record amount of commodities last year??
Do you understand what these means??
Do you??
Or is it such an effort you have to make such an effort you crap yourself in the Chinese nappies you are wearing?? Its all fake then???
YB is an arrogant prick but at least I know where I stand with… Have some dignity and independent criteria, it’s sad to see someone old as you sucking up to others and following blindly without thinking… Because when your boss/leader abandons you, your are completely exposed as a very limited person.
Like now.
Cd, those statements make sense if you assume China will not be China as we know it today in a decade.
Feb 14th, 2014 - 09:10 pm - Link - Report abuse 0It will devolve into chaos.
Where it comes out nobody knows.
The only statement I am rethinking is assuming you are the smartest monkey in the zoo.
Now I don't you think are
32
Feb 14th, 2014 - 09:47 pm - Link - Report abuse 0Of course... 3rd largest military power of the world and 1st economy of the world will collapse in chaos.
When you keep saying “the term smartest monkey of the zoo” you are actually admitting that the interlocutor against you is smart, it’s something psychological not easy to explain.
The other thing which you always do when you have lost the argument is turn to personal attacks in order to delegitimize
“how old are you ??”
“You live in the a*hill of nowhere”
“You need to be educated”
Etc…
But then again I'm already sure I have one the day with your following statement “As I have said before one of us will be right and one will be wrong. Let's see in a decade.” I’m sorry but you can’t walk out from that one it’s a bit to late to try and readapt it to Ohh that if china doesn’t erupt in civil war.
LOL
So bye bye crocodile.
See you later alligator
@ 32 yankeeboy
Feb 14th, 2014 - 10:11 pm - Link - Report abuse 0It’s just not worth the bother to try and educate this excuse for an intellect any further. You get more sense out of TTT!
As with most of the Rgs on this board they can never admit when they are wrong. They only dig their heels in further, come up with wild facts and figures that make little to no sense and finish with “simple as that”
Feb 14th, 2014 - 10:27 pm - Link - Report abuse 0The sky is red
simple as that
They are mostly brainwashed and braindead.
Hahaha
Feb 14th, 2014 - 10:40 pm - Link - Report abuse 0Mr. Burns & Smithers
Anyone living in the rich West does not need a lecture on the perils of a financial system that creates too much credit too quickly. And in China's case, as was dangerously true in ours, a good deal of the debt is hidden, in specially created, opaque and largely financial institutions which we've come to call “shadow” banks.
Feb 17th, 2014 - 12:06 pm - Link - Report abuse 0There are no exceptions to the lessons of financial history: lending at that rate leads to debtors unable to meet their obligations, and to large losses for creditors; the question is not whether this will happen but when, and on what scale.
Which is why we've seen a couple of episodes of stress and tension in China's banking markets over the past nine months, as a possible augury of worse to come.
http://www.bbc.co.uk/news/business-26225205
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