This past July was the beginning of the Christmas season-cycle. "Goods in transit have to cross an ocean in a container ship, after which they go to warehouses and are stocked back for the holidays."
What this simply means is that we are approaching what can only be termed, "the economy is going to flush..." Hang onto your Argyles!
Every day all day long it’s doom and gloom and it hasn’t happened yet. I guess one of these days it will happen but by reading the posts articles posted on here the past 3 years you’d think we need to hide in our bunkers!
Outbound shipments increased 1 percent from a year earlier and imports rose 4.7 percent, the customs bureau said. The growth in July exports compared with the 8 percent median estimate in a Bloomberg News survey and 11.3 percent in June. Analysts estimated a 7 percent gain in imports after a 6.3 percent increase in June.
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Let me see if I understand this, shipments have increased from last year although not near expectaitons so things are bad?
Yep, this may reduce their growth from to 7% per year, rather than 10%. So we have a larger GNP for another year, yippee.
Unemployed Chinese slaves hurts us how?
The article was a bit too short for me. But with that being said, I’m not surprised.
China’s business model is based on low cost and high volume to EXTERNAL customers. Internally they are a real mess, the POTENTIAL domestic market is huge beyond belief. The reality is that although it is indeed growing in size the members of that newly opened domestic market are the sames ones who rely upon the export of goods for their livelihood.
The U.S. has been their biggest customer for years with Europe as a whole being second. We’re both in financial and employment difficulties. That translates into fewer sales for the Chinese. And their factories are producing goods designed to appeal to us not necessarily to potential customers in other nations. And I’m not really sure that they can retool to cater to other customers in time to save themselves.
That all comes to one point now, China is now on the edge of a slippery downhill slope too. And I believe that when everyone hits bottom together it’s going to get very messy.
i’m not sure China is “headed for the ditch”, but the one thing that is certain is that hyperbole (exaggeration) is soaring at Market-ticker.
China: going into the ditch since 2007, according to the propagandists pushing for an unnaturally high dollar in a globalist market and with US manufacturing still going down.
It hasn’t happened, yet. Production is still up in China and in other “developing” parts of the world. That’s why your fuel prices keep going up (new third-world drivers with 100s of millions more on the way and fuel needed for manufacturing, transportation, etc.).
Have fun. Enjoy the slide. Our western default process continues, even though the distraction propaganda continues with it.
Those are the results of inflating the currency.
China copied the example of the U.S. -- and the results will be the same. Lower exports, higher imports. All thanks to government-caused inflationary monetary policy.
Wonder where the anti-free-traders are when the situation doesn't fit their template.