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China's imports, exports fall again in July

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China's imports, exports fall again in July

Good. The rest of the world needs to stop funding the Chinese military.

-3 ( +1 / -4 )

Good. The rest of the world needs to stop funding the Chinese military.

Not good. Because falling sales of cheap Chinese junk mean that the world's economies are not buying things, and are still faltering. And the last thing we need is faltering after 8 years of massive public sector borrowing, spending, printing money, and incurring record amounts of debt. What the slowdown in China means is that none of this has worked, and if imports and exports in China fall, they will fall in developed countries as well.

1 ( +3 / -2 )

Not good. Because falling sales of cheap Chinese junk mean that the world's economies are not buying things, and are still faltering. And the last thing we need is faltering after 8 years of massive public sector borrowing, spending, printing money, and incurring record amounts of debt. What the slowdown in China means is that none of this has worked, and if imports and exports in China fall, they will fall in developed countries as well.

I doubt it.

-3 ( +0 / -3 )

No surprises, world's 3rd largest economy is in deflation/recession...so is the situation with euro economy.

-1 ( +0 / -1 )

I doubt it.

sangetsu03, how can you even come back against such a sound statement backed up with logical reasoning?

-2 ( +0 / -2 )

sangetsu03, how can you even come back against such a sound statement backed up with logical reasoning?

what sound statement? Didn't see one, I only saw yours

0 ( +0 / -0 )

Imports are falling due to unofficial barriers to trade. Also manipulated currency keeps imports artificially high. Exports down due to many factors, but one is the migration of production to other countries that provide a far better business platform than China.

-1 ( +0 / -1 )

I doubt it.

"Chinese" exports are not necessarily "Chinese" products, as American, European, and Japanese companies have goods manufactured in China. When "Chinese" exports fall, it means that people are buying fewer America, European, and Japanese products. And though China makes money from these goods, foreign companies make much more. Most of the price you pay for an iPhone does not go to China, but to America. When iPhone sales drop, the effect is felt more in America than it is in China.

And "Chinese" exports are dropping, less money is spent on imports, because there is less money to spend. Imports can be food, materials, or finished goods, all of which are produced in outside countries, which depend on the the money China spends for these things.

I am no fan of China, and I avoid buying products made there, but a drop in Chinese economic activity is no good for anyone.

Like it or not, you live in a global economy, and trouble in any part of this economy spreads to the other parts. And when we are taking about the world's second-largest economy, trouble there means trouble everywhere.

1 ( +1 / -0 )

Chinese" exports are not necessarily "Chinese" products, as American, European, and Japanese companies have goods manufactured in China. When "Chinese" exports fall, it means that people are buying fewer America, European, and Japanese products. And though China makes money from these goods, foreign companies make much more. Most of the price you pay for an iPhone does not go to China, but to America. When iPhone sales drop, the effect is felt more in America than it is in China.

And "Chinese" exports are dropping, less money is spent on imports, because there is less money to spend. Imports can be food, materials, or finished goods, all of which are produced in outside countries, which depend on the the money China spends for these things.

I am no fan of China, and I avoid buying products made there, but a drop in Chinese economic activity is no good for anyone.

Like it or not, you live in a global economy, and trouble in any part of this economy spreads to the other parts. And when we are taking about the world's second-largest economy, trouble there means trouble everywhere.

The world was fine before Made In China and will be fine after - Just as it was when Made In Japan was destroyed by a few overseas events which to me was a much bigger loss than anything China does. A few bumps in a long road are par for the course and if it cuts China down to size then, I hope it continues.

-2 ( +0 / -2 )

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