PEAK CHINA
“China’s exports to US endure steepest plunge in nearly 30 years”
“According to Chinese customs data, total shipments to the US last year fell by 13.1 per cent compared to a year earlier, to US$500.3 billion”
“US data also indicates that China is about to lose its position as the top exporting nation to the US for the first time in 17 years”
“China’s exports to the United States suffered their deepest decline in 2023 in almost three decades, as Washington’s efforts at reshoring and “friendshoring” supply chains create diversions.
Total shipments from China to the US last year fell by 13.1 per cent compared to a year earlier, to US$500.3 billion, according to China customs data released on Friday.
It is the biggest slump since the agency’s records began in 1995 – more than the declines experienced either during the global financial crisis of 2008-09 or the start of the US-China trade war in 2018-19.”
China is imploding. But nonetheless they keep building. Now over 1 billion empty housing units. And as fast as one block of housing goes up, another is demolished.
US real estate market is about 7% of the economy. In China it is 40%. When it crashes, it will be felt allover the world.
China Just Built 1 Billion Empty Houses for Nobody
https://www.youtube.com/watch?v=cEtvrHLc174
Is China Actually Collapsing?
https://www.youtube.com/watch?v=2CjLFa7W81I
China’s Economy is Failing- And It’s Way Worse Than You Thought
https://www.youtube.com/watch?v=Wa3b0ruda4c