China's exports top forecasts; imports growth best in 10 years

We don't hear about the many problems in China or the unhappiness of people with the government there because the press is controlled by the government and their internet is heavily censored. But if you have family there you know China is not well governed and that people there are unhappy with their government.

You'd better hope and pray that China keeps accepting our funny money in exchange for their real products.

Australia pays China in US Dollars. The converse is also true. Both nations uses aspects of the US financial system to clear their transactions. The majority of foreign trade is paid for with US Dollars regardless of what nations the buyers and sellers are in.

China keeps going from strength to strength because of Good Government.

Don't be fooled. China is a pressure cooker full of people angry and frustrated with their government. Business owners have to pay party cadre a "red envelope" (cash gifts in China are traditionally given in a decorative red envelope) at regular intervals or the inspectors show up and pretty soon you are either fined heavily or your business shut down. It used to be a business only had to pay bribes to get started but no more. Local party cadre act like a criminal protection racket. Pay up or the local authorities find ways to cost your business dearly. Business owners who are party members are forced to sit through monthly political education sessions. Most of these people joined the party to network and not for political reasons but quitting the party would be the end of their business. What China is doing to Jack Ma will probably be a watershed that will deter a lot of future investment in China, especially among the Chinese themselves. Why work hard and build up a great business like Jack Ma did if the CCP can take it all way? These up and coming entrepreneurs will take their skills elsewhere to build their wealth. Pork prices are skyrocketing due to China's inability to contain outbreaks of swine flu in their herds, exacerbated by the use by some farmers of unapproved bootleg vaccines that instead of controlling the diseases have created new strains infecting herds.  Pork is the national staple.

exports best in 1o years

thanks to the chinese made covid-19 :o

KentarogaijinToday  12:53 pm JST

Don't feed the monster..

Since China delivers the goods, while the US only delivers the bull, Japan has no other choice.

thanks to the chinese made covid-19

COVID-19 would have to get the award for export of the decade

China keeps going from strength to strength because of Good Government. Japan remains afloat because of so-so government. The US descends, along with India, into crisis and chaos because of bad government.

BigYenToday  01:05 pm JST

Problem is, the monster is also feeding us.

You'd better hope and pray that China keeps accepting our funny money in exchange for their real products.