MercoPress. South Atlantic News Agency
China's exports/imports fall in March; trade surplus lowest in 13 years
China's monthly trade data shows exports fell in March from a year ago by 14.6% in Yuan terms, compared to expectations for a rise of more than 8%. Imports meanwhile fell 12.3% in Yuan terms compared to forecasts for a fall of more than 11%. Read full article
Comments
Disclaimer & comment rulesApparently ours has fallen as well,
Apr 14th, 2015 - 07:13 pm - Link - Report abuse 0yet our exports to China has increased,
what a funny old world we live in.
Told ya...
Apr 14th, 2015 - 10:07 pm - Link - Report abuse 0This is going to get worse before it gets better
Prepare for civil unrest moving into the Coastal cities...
Whilst China´s currency “appreciated” as the report indicates, it only did very slightly, but at the same time the US Dollar gained ground every where in the world. This means China´s numbers are deteriorating much more than a simple seasonal slump in exports. Their surpluses with most countries they do business with are not the result of competitiveness but rather protectionist measures blocking many imports that may hurt Chinese manufacturers. The golden days are gone, hundreds of factories are leaving to other countries looking for lower wages, lower transportation costs and easier business environments. Much of China´s growth is also coming from over capacity, over spending in construction sectors. China has lost their competitiveness.
Apr 14th, 2015 - 10:42 pm - Link - Report abuse 0China doesn't have near enough reserves to fix what's coming. They've been “stimulating” the economy for 6 years. Its not “simulating” anything. Just creating the biggest banking catastrophe/property bubble the world has ever seen.
Apr 14th, 2015 - 11:07 pm - Link - Report abuse 0Stay far away from these godless commies.
The world has had enough of their rubbishy products like brass screws that are magnetic, pencils that break before you even start writing.If their ships and planes are of the same quality the West has nothing to fear.
Apr 15th, 2015 - 07:47 am - Link - Report abuse 0I guess this is not good news for Argentina or much of S. America.
Apr 15th, 2015 - 04:31 pm - Link - Report abuse 0Argentina has proven yet again they can always be the last to spot a loser: they have after all voted for so many.
Apr 15th, 2015 - 05:27 pm - Link - Report abuse 0The Chin look likely to take one on the chin for the next few years.
Oh, jolly dee!
A 7.5% growth being the lowest in 25 years.
Apr 15th, 2015 - 06:41 pm - Link - Report abuse 0Anytime now, right?
Hahahaha!!!
We are all Chavez Stevie,
Apr 15th, 2015 - 07:06 pm - Link - Report abuse 0Those numbers are as fake as Argentina's.
Just give it a little more time
There's no amount of stimulation that can revive this economy
This is just the beginning
Wait until the civil unrest moves form the Provinces to the East Coast.
Then it will start getting fun.
Don't try to discuss economics with Stevie. His education can't handle it.
Apr 15th, 2015 - 09:17 pm - Link - Report abuse 07.5% growth is in the past. It's already hit 7% and will keep dropping.
Which isn't enough when your working population has already dropped for the past 3 years and will soon start decreasing 10 million people a year. With a corresponding increase in unproductive state supported elderly.
China's easy growth is behind it and it needs to bolster growth by increasing productivity and innovation. However with its dependency ratio about to nosedive it will need more than the sluggish 5% that it will hit within the next five years.
The IMF estimated 6.8% this year and 6.3% next year. And that is even when the world economy isn't doing so bad. The west, its main export market, is growing.
6.3% is LESS than double Australia's growth rate for that year. That might sound impressive until you realise that Australia's GDP (PPP) per capita is $46,000 and China's is $13,000.
China's growth has been trending lower for 5 years now. So this isn't the bottom yet.
@ 10 Skip
Apr 15th, 2015 - 09:30 pm - Link - Report abuse 0Stand by for some personal insults from 'Breakdowns R Us'.
Agreed ChrisR.
Apr 15th, 2015 - 11:38 pm - Link - Report abuse 0When they can't argue they either go off topic or attack the messenger! All my figures are backed up by China's government or the IMF!
Stevie-bedwetter will soon be gone again. He can't cope with the truth.
Apr 16th, 2015 - 01:31 am - Link - Report abuse 0Anytime now then....
Apr 16th, 2015 - 07:35 am - Link - Report abuse 0Hahahahaha!!!!
Aaaah.... comeback FAIL!
Apr 16th, 2015 - 08:08 am - Link - Report abuse 0The funniest thing about the Chinese numbers is for the last decade they've been putting out fake export numbers, detailing which countries received what amount, then said country denied they received that much so then all of a sudden Hong Kong was the main buyer of all Chinese goods.
Apr 16th, 2015 - 11:46 am - Link - Report abuse 0How convenient.
I wonder who they think they are fooling.
They have been producing widgets that nobody wants for a decade, putting them in inventory, building more warehouses to store unwanted obsolete goods, getting building loans and inventory loans on goods nobody wants so they can build more 7% stuff they'll never sell.
Remember the numbers Chins puts out are not Sales numbers but increased MFG numbers.
Totally different than what the civilized world does.
They don't care or understand profit only production.
It won't be long now until all of this leverage they've created on worthless assets breaks.
Not too long at all
You can only paper over it for so long.
Yes, hahahahaha!!!!
Apr 16th, 2015 - 12:14 pm - Link - Report abuse 0Anytime now!!!
And what a comeback you guys will make! Books will be written on the subject!
Anytime now....
Hahahaha!!!
17. How's Venezuela doing Stevie?
Apr 16th, 2015 - 12:26 pm - Link - Report abuse 0Are you STILL ALL CHAVEZ?
You've never been right about anything.
Do you have breakdowns when your meds get unbalanced or is it another reason?
Of course we are still all Chavez!
Apr 16th, 2015 - 12:44 pm - Link - Report abuse 0Always!
Patria Grande para todos!
;)
@19 Stevie
Apr 16th, 2015 - 05:05 pm - Link - Report abuse 0“we are still all Chavez!”
Yes.
And all of Chavez is still dead.
Chavez is alive and well, thank you very much :)
Apr 16th, 2015 - 05:09 pm - Link - Report abuse 0You are talking about his body... Of course we aren't all his body... He was chubby, but...
Hey, why are you talking about Chavez' body for??
@ Stevie
Apr 16th, 2015 - 05:28 pm - Link - Report abuse 0Ahh, a little bird told you no doubt.
Or did he just “Tweet” you?
Stevie, You are a buffoon. I can't understand how someone can be so stupid with the best example of failed Socialist policies literally killing people and its happening right now.
Apr 16th, 2015 - 07:04 pm - Link - Report abuse 0Do you really want the whole world to live like the Bolivarian Socialist animals?
You need mental help...again.
@ 23 yankeeboy
Apr 16th, 2015 - 09:53 pm - Link - Report abuse 0I think 'Breakdowns R Us' is still in the early stages of denial of his mental health problems starting all over again.
Another 2 or 3 months will, if the pattern repeats itself (which it always does), put him at the tipping point.
That's when ilsen needs to call his nurse out!
'Breakdowns R Us' KNOWS I am speaking the truth.
Yeah forget Stevie. He'll be gone again quite soon. And let's face it his posts are nothing like they used to be.
Apr 17th, 2015 - 12:45 am - Link - Report abuse 0Anyway. Interesting news today. Japan has overtaken China as the largest holder of US government debt.
Many of the predictions of China are going the way of Japan in the 1980s. Expect new predictions regarding India to start up any day now.
Makes perfect sense, if China wishes to form a new trading currency. To get rid of the dollars, I mean...
Apr 17th, 2015 - 01:37 am - Link - Report abuse 0;)
We are all Chavez, break down r us, it means they're not accumulating reserves any longer.
Apr 17th, 2015 - 03:02 am - Link - Report abuse 0They're time is done
But I'm sure you'll be hoping and dreaming until its as obvious a failure as Caracas.
Dufus.
In dollars. They aren't accumulating reserves in dollars.
Apr 17th, 2015 - 08:29 am - Link - Report abuse 0Makes perfect sense if you argue that they still wish to diversify, but mistrust the future of the dollar...
For some particular reason, China is buying gold en masse...
I sometimes wonder if you are really dumb or just being an as*?
Apr 17th, 2015 - 01:51 pm - Link - Report abuse 0Maybe its a combination.
China's reserves are falling because they're trying to support their currency. Just like every other emerging nation.
Pay attention.
and stop being a liar.
A strengthening dollar aside, there is a bigger reason for the plunge in China’s reserves: the People’s Bank of China spent an estimated $231 billion in March to prevent the yuan from sliding further against the dollar, according to analysts at Reorient Research.
The central bank intervened in the currency market by purchasing the yuan and simultaneously selling its dollar holdings. The intervention was aimed at preventing too much capital from flowing out of the country because of a falling yuan, according to the analysts.
Poppy, we discuss the Cuban model after the criminal blockade is removed.
Apr 17th, 2015 - 04:41 pm - Link - Report abuse 0Nobody is blocking Venezuela, so how did that turn out We are all Chavez?
Apr 17th, 2015 - 04:52 pm - Link - Report abuse 0How much money is USA setting aside to impose their will on Venezuela.
Apr 17th, 2015 - 07:16 pm - Link - Report abuse 0Don't worry though, you wont succeed.
The best thing about Venezuela failing is that the USA didn't have to do anything but sit back and watch it destroy itself.
Apr 17th, 2015 - 08:30 pm - Link - Report abuse 0I wonder who will get Citgo and the refineries when they default?
I don't know if you're dumb or just worthless troll.
Which is it?
*waves*
Apr 17th, 2015 - 11:55 pm - Link - Report abuse 0;)
Mmmh interesting. How is refusing to trade a “criminal blockade”?
Apr 18th, 2015 - 05:28 am - Link - Report abuse 0I didn't realise that country had an inherent right to expect trade and relations with another country. Must have missed that international law or treaty.
But it is fun to watch Venezuela ease itself into a failed state. So glad Maduro was elected last time. Chavismo has to fail while it is in power. The resulting shock from the collapse will finally jolt many people back to reality.
The reality where Venezuela has been eclipsed economically, socially and politically by Colombia and Chile.
35. Yes it is the only way for them to learn. My guess is they'll move into civil unrest pretty soon as their hospitals collapse and they run out of food.
Apr 18th, 2015 - 06:43 pm - Link - Report abuse 0I couldn't be happier.
Between you guessing and Skip not realizing, the truth is having a laugh...
Apr 19th, 2015 - 09:08 am - Link - Report abuse 0Yes yes not realising!
Apr 19th, 2015 - 11:21 am - Link - Report abuse 0Stevie doesn't actually say anything and therefore I don't realise?
You have to laugh at how much someone on an anonymous forum actually has to skirt saying anything outright and clearly.
It's alright Stevie. I do understand how your previous interactions with people such as myself have now made you adopt a 'small target' position on almost every single issue since your return.
Doesn't really affect me. It's you that is limited. And it is you that doesn't actually get to state what you think.
I still can. I can say whatever I want. And your only reply these days is to use your 2000 characters to post 9 or 76 character replies that essentially gag you.
I don't even have to refute you because you have been rendered voluntarily mute.
The truth is indeed having a laugh. What is even runnier is that you won't get pinned down on what YOU think the truth is.
So on fora such as this, your truth remains hidden. However my truth reigns supreme. Because I get to speak it and you are forbidden to refute it.
So thank you.
So to the truth.
China will be a large and powerful country. However it will not be the largest nor most powerful. In population, economy, military or soft power.
Chona's growth model is reaching the end of its effectiveness. It will keep growing however is that growth enough? Probably not. Ahead of expectations it's working population has started shrinking. Predictions for its entire population to start shrinking continues to draw closer and closer.
China isn't the UK in the 19th century or the US in the 20th century. It can't project power and influence while it deals with more than 30% of its population as unproductive retirees and is projected to lose half its population be the end of the century.
As for Venezuela, ignoring the reality of its current problems doesn't make them disappear nor transform them into some nefarious plot.
Please continue to say little. Your loss not mine!
China will continue buying gold and getting rid of dollars. It's the outspoken plan to challenge the dollar as trading currency. It will also continue to make currency swap deals. China's soft power increase is already a fact, powered by investments. US soft power decrease is a fact too, powered by its warmongering.
Apr 19th, 2015 - 12:01 pm - Link - Report abuse 0As for Venezuela, Colombia and Panama, the only way out is to kick “US interests” back where they came from.
Lets compare truths in 5 years ;)
China announced another ( is this the 100th?) large stimulus today.
Apr 19th, 2015 - 12:22 pm - Link - Report abuse 0They can't stimulated this economy any longer.
Their banks are bankrupt and their large SOE are failing only being propped up by a corrupted gov't that doesn't understand or care about profit.
Its time is done.
Stevie, you said the same thing about Venezuela a few years ago. The Statist model can't ever work. When will you ever understand that?
China's time is done, it will never rival the USA for anything, not currency, not power, not technology, not anything.
The USA will be the World's only super power for long after you, your kids, your grandkids are dead.
Better face the facts now so you don't have anther breakdown.
Happy to compare reality to predictions in 5 years time. At my age that isn't that far away. I'll still be at uni doing my masters by then.
Apr 19th, 2015 - 12:58 pm - Link - Report abuse 0In 2020, China's workforce will be 20-30 million smaller than it is now and heading Goan annual decrease of 10 million. Its population will be about to start its inevitable, and at first slow but then rapidly increasing, decline. The US population will still be increasing from natural and migrant growth. China won't be attracting anywhere near the migrants and indeed, Chinese migration to the US will draw the best, brightest and richest from China still.
The focus on economic superpowerdom will have shifted to India. Just as it once focused on the USSR, Japan, China etc. Just as Japan reached its peak and is now treading water and stagnant, China will be starting to do the same.
Chinese growth will be below 5% annually. Probably close to or trending to sub 4%.
The yuan will be a currency on par with the importance of the Euro but won't have eclipsed the US dollar. China's soft (flaccid) power will still be so weak that its closest allies will continue to be poor and authoritarian countries. None of those will be from South East Asia. That region will have increased economic and military ties with the US more than China.
Venezuela will perhaps be recovering.
It will have undergone a violent social upheaval and/or economic collapse and/or military intervention/disruption to elections. Neither Colombia nor Panama will have experienced the same. Indeed they will be richer and more stable than Venezuela was ever since Chavez got elected.
The US will not have sent any troops there.
Colombia will probably be in the OECD and will be considered the other economic and political power outside of Brazil and Mexico within Latin America while continuing to benefit from a close relationship with the US.
The Falklands will be British.
Bookmark it. 5 years is nothing.
I agree with just about everything Skip but I think that China won't have the same lethargic existence as Japan because of all the SOE and the size of the population. People seem to forget than China after 2 decades of growth that they'll never see again still has 100s of millions of people living on less than u$1.25/day. It still has 8% of all of the world's population of people living in extreme poverty.
Apr 19th, 2015 - 01:37 pm - Link - Report abuse 0That will grow as the economy slows.
This is the best it ever will be
They also have a huge problem with civil unrest in their Western Provinces especially the Islamic ones.
I think as the economy falters that civil unrest will move into the cities.
I also think the savings of 3 generations of wealth will be wiped out when their property bubble collapses.
There's nothing good in their future.
Wait and see.
China's growth is not that important as constant growth is mathematically impossible in our world. That is not, and should never be China's aim. They're not playing that game.
Apr 19th, 2015 - 03:01 pm - Link - Report abuse 0I never predicted anything, I'm merely stating what I believe the key issues are. In China, the dollar hegemony, in Colombia, Venezuela and Panamá, US interests.
You guys predict all you want, I'm watching and laughing...
China's growth is extremely important.
Apr 19th, 2015 - 04:53 pm - Link - Report abuse 0In fact it is vital to the current gov't existence.
There is an unwritten agreement between the people and their acceptance of a brutal rule, give me a better life and I won't revolt
As the growth disappears so does that agreement.
That was the same agreement Chavez had with the Venezuelans
and you see how that is turning out.
26,000 violent deaths per year.
Greater per capita than war zones.
You're a silly creature “We are all Chavez” Stevie, holding onto your beliefs even when they've been proved to be false.
Maybe you should change your moniker to We are all Stalin.
Silly stupid creature.
Growth is only important in your zero-sum approach. It's over yanqui.
Apr 19th, 2015 - 05:08 pm - Link - Report abuse 0Do you really think we would ever go back to being dependent on USA after we found a way to live in codependence with others? Wars, death dictatorships and torture in order to protect your interests? Never again, yanqui.
Nunca mas.
Ask Cuba.
Apr 19th, 2015 - 06:15 pm - Link - Report abuse 0You're so stupid is laughable and sad at the same time.
@ 46 yankeeboy
Apr 19th, 2015 - 09:37 pm - Link - Report abuse 0Breakdowns R Us just cannot face the truth about SA or even Uruguay.
The harridan wife of 'No Money Pepe', when faced with the failure of The Broad Fraud to win at the last elections, threatened to 'bring the people onto the streets' and MAKE it happen.
Of course she is a unreconstructed Tupa who should have been executed with the rest of the seditious scum who tried and failed to overthrow a democratically elected government.
The actions of these idiots were the reason for the dictatorship, the very thing he berates.
What a twat he is.
Yes, Chris, the Tupas are responsible of Operación Cóndor, dictatorships in Brasil, Paraguay, Chile, Argentina, Uruguay and the great fire in Australia...
Apr 19th, 2015 - 10:05 pm - Link - Report abuse 0You sound like a cockatoo with hickup...
Stevie says:
Apr 20th, 2015 - 12:33 am - Link - Report abuse 0“I never predicted anything”
Of course you don't! I didn't expect you to. You never will. You can't even clearly state where you live on an anonymous forum in front of strangers.
You are nothing if not consistent. Consistently muzzled by your own hand. It is indeed a joy to watch.
Making yourself a small target only limits you, not me!
“You guys predict all you want, I'm watching and laughing...”
Indeed you do. Powerless to even comment. Audiences are powerless, they merely observe, they don't participate.
The audience doesn't tell a story or share a message. They simple absorb and accept someone else's story or message.
So please feel free to say little. The less you say, the more prominent the message that I and ChrisR and Yankeeboy wish to convey.
And as a person who has seen a cock or two.... I mean a cockatoo, I can tell you they don't hiccup!
Chris', yanquis..... and whose else?
Apr 20th, 2015 - 01:29 am - Link - Report abuse 0Did you hiccup?
;)
Exac
Apr 20th, 2015 - 02:14 am - Link - Report abuse 0No worries, here have another go.
Apr 20th, 2015 - 03:33 am - Link - Report abuse 0Try holding your breath. Or have a glass of water.
Another go at what?
Apr 20th, 2015 - 09:10 am - Link - Report abuse 0Stevie and a lot of the ol' commies on this board have the unique ability of ignoring history and current events.
Apr 20th, 2015 - 12:17 pm - Link - Report abuse 0They are so blind and stupid it is scary.
But this is how Collectivism, Statism, etc can still pop up in various places like the plague.
There's a belief in the lies of the Ruling elite that this time it will work.
It won't
It fails.
Just like its failing now in Venezuela, Statism always makes people into animals, begging for scraps from the Gov't trough and devolves into mass murders and chaos.
It always will
China will be no different.
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