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China trade outlook grim
The Star ^ | 07/11/2013 | Reuters

Posted on 07/10/2013 7:18:25 PM PDT by TexGrill

BEIJING: China has warned of a “grim” outlook for trade as the world’s second-largest economy surprised financial markets by reporting a fall in exports and imports when both had been expected to rise.

The figures, which follow a government crackdown on the use of fake invoicing that had exaggerated exports earlier this year, are likely to raise fresh concerns about the extent of the slowdown in the economy and global demand. The June data, showing that exports fell 3.1% from a year earlier and imports dropped 0.7%, may now reflect the true trade picture, customs officials said.

“China faces relatively stern challenges in trade currently,” customs spokesman Zheng Yuesheng told a news briefing on the June trade figures. “Exports in the third quarter look grim.”

The customs agency said exporters were losing confidence in the face of weak overseas demand, rising labour costs and a strong yuan. The Australian dollar briefly fell about a third of a cent after the China data, reflecting worries about Chinese demand for Australia’s commodities, such as iron ore and coal.

(Excerpt) Read more at thestar.com.my ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: chinaeconomy
Global business tip
1 posted on 07/10/2013 7:18:25 PM PDT by TexGrill
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To: TexGrill

Just for practical comparison purposes:

What is America’s trade deficit currently per month?

What is China’s trade (surplus) currently per month?

Bring back American industry, and stop buying everything from everywhere, except America.

Thanks.


2 posted on 07/10/2013 7:21:17 PM PDT by Cringing Negativism Network
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To: Cringing Negativism Network

And if you do that Americans will have to pay double or triple the current prices of goods. I appreciate your support for pro-Obama labor unions, but sometimes I like to buy goods on discount.


3 posted on 07/10/2013 7:27:33 PM PDT by TexGrill (Don't mess with Texas)
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To: TexGrill

Haha.

Cheers. But buy American. :D


4 posted on 07/10/2013 7:29:12 PM PDT by Cringing Negativism Network
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To: Cringing Negativism Network

Sorry, but I support capitalism for consumers. Americans should have the right to comparison shop, that’s how a free market is supposed to work.


5 posted on 07/10/2013 7:31:27 PM PDT by TexGrill (Don't mess with Texas)
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To: TexGrill

:D Buy American.

(right back at ya)

Don’t get me wrong. I like free markets. I also like American markets.

For three decades, we have been selling every factory in America to China.

Time to bring them back.

Time to balance our trade. Balance our manufacturing.

If we need to pay more for some things, then charge a tariff and make some money on imports.

Balance is the key.


6 posted on 07/10/2013 7:35:18 PM PDT by Cringing Negativism Network
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To: Cringing Negativism Network

“Cheers. But buy American. Just pay more to the politically-connected. It’s patriotic.”


7 posted on 07/10/2013 7:36:03 PM PDT by 1rudeboy
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To: 1rudeboy

One day, you’ll come around.

Just you wait...


8 posted on 07/10/2013 7:37:58 PM PDT by Cringing Negativism Network
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To: TexGrill

Personally, I’m a little tired of Chinese crap that breaks two days after you get it home.


9 posted on 07/10/2013 7:41:08 PM PDT by Jack Hammer (American)
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To: Cringing Negativism Network

Right about the time you send me to the camps and announce your first Five Year Plan, comrade.


10 posted on 07/10/2013 7:41:11 PM PDT by 1rudeboy
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To: Cringing Negativism Network

If you really want American corporations to bring back their factories to the US then you must kick out labor unions, lower wages, lower taxes and lift numerous regulations. Don’t expect Bathouse Barry or Hildabeast to make those structural economic changes in the near future.


11 posted on 07/10/2013 7:43:00 PM PDT by TexGrill (Don't mess with Texas)
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To: 1rudeboy

Stop mischaracterizing my position.

I am for American trade.

Free American trade.

Not imports from Communist countries. Just saying.

Thanks.


12 posted on 07/10/2013 7:45:07 PM PDT by Cringing Negativism Network
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To: Cringing Negativism Network

Stuff it. You’ve made a habit of mischaracterizing mine, for as long as I remember you. If you dislike my comments so much, maybe you should figure out a way to tax them. It’s your specialty.


13 posted on 07/10/2013 7:48:26 PM PDT by 1rudeboy
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To: 1rudeboy; Jack Hammer; Cringing Negativism Network; TexGrill

If I’m reading the technology tea leaves correctly, US trade balances will turn positive in 5-10 years.

First,US oil production is rising at a rate of 1 million barrels@ day. At that rate the USA won’t be importing any oil in five years.

That chops out half the deficit.

Also, judging by everything you read on 3D printing and inshoring — The offshoring of manufacturing is going to come to an end and return to the USA. This is more of a sketch but I’ve read a dozen or more articles on both inshoring and 3D printing which suggest that corporate fashions and numbers will dictate that the big companies return their manufacturing back to the USA. But on a more profound technological level — 3D printing—will kill the offshoring business model.


14 posted on 07/10/2013 7:51:58 PM PDT by ckilmer
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To: TexGrill

Oh I understand, and agree with the principle behind what you’re saying.

I completely agree that Bathhouse Barry and Hildabeast are big problems, and need to be defeated.

What I am saying though, is America needs to make things. America needs to make things now. America needs to manufacture, and America needs to export.

That needs to happen now.

We cannot wait. See a big part of America’s problem right now, is that we have exported American manufacturing.

That is the problem.

American manufacturing is shrinking so much, that many Americans are out of work.

So many Americans are out of work, that lots of people are on government assistance, and that costs America a whole lot of money.

Sorry I know I am ranting a bit, but we have caused this ourselves.

America needs to manufacture, and build things in America.

Bring back US manufacturing.

Balance out our international trade.

Now.


15 posted on 07/10/2013 7:53:57 PM PDT by Cringing Negativism Network
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To: ckilmer

Very intruiging


16 posted on 07/10/2013 7:54:45 PM PDT by TexGrill (Don't mess with Texas)
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To: TexGrill; Cringing Negativism Network
And if you do that Americans will have to pay double or triple the current prices of goods. I appreciate your support for pro-Obama labor unions, but sometimes I like to buy goods on discount.

I would not mind paying more if they make the good more durable and reparable here in America. A toaster or TV made in 1960 is far more reparable than the one made today. I have an American made Frigidare from 1938 that still work as well as a 1982 Zenith 25 inch console TV we've been using for the last 30 years.
17 posted on 07/10/2013 8:00:00 PM PDT by Nowhere Man ("We have met the enemy, he is us!" - Pogo Possum - 1971)
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To: Cringing Negativism Network
Sorry I know I am ranting a bit, but we have caused this ourselves.

Agreed, see my tagline below.
18 posted on 07/10/2013 8:02:38 PM PDT by Nowhere Man ("We have met the enemy, he is us!" - Pogo Possum - 1971)
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To: Nowhere Man

I can support this view. Pay more for higher quality or pay less for worse quality. But let the consumers decide for themselves.


19 posted on 07/10/2013 8:04:03 PM PDT by TexGrill (Don't mess with Texas)
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To: Cringing Negativism Network

America sneezes, China gets diarrhea.

Kissinger got China on their feet.
Manufacturing produces value, goods, profit.
Now in the age of high tech and robotics, time to revive manufacturing.


20 posted on 07/10/2013 8:30:49 PM PDT by Leo Carpathian (FReeeeepeesssssed)
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To: Cringing Negativism Network

Never mind the Free Trade trolls. They are the ones in agreement with Obama...who is trying to pass that disastrous US-EU Free Trade deal...which will force the US to adopt all the EU Global Warming nonsense

Creating American manufacturing jobs should be priority #1. But the Free Traders and their friend Obama do not want that to happen


21 posted on 07/10/2013 8:53:26 PM PDT by SeminoleCounty (Don't Blame Me For La Raza Rubio....I Voted For Alex Snitker)
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To: Nowhere Man

My JC Penny freezer is older than I am, and I’m starting to wonder which of us will outlast the other. I hear the new ones go 5-10 years if you’re lucky.


22 posted on 07/10/2013 8:59:01 PM PDT by Trod Upon (Every penny given to film and TV media companies goes right into enemy coffers. Starve them out!)
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To: SeminoleCounty

Now, now . . . don’t be misrepresentin’.


23 posted on 07/11/2013 7:28:46 AM PDT by 1rudeboy
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To: SeminoleCounty

Bump.


24 posted on 07/11/2013 7:31:15 AM PDT by Cringing Negativism Network
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