Posted on 11/07/2025 7:54:28 AM PST by Alas Babylon!
China’s exports shrank unexpectedly in October, Beijing’s official commerce data showed, dragged down by a sharp fall in shipments to the U.S. amid the trade battle with President Donald Trump.
There was a 25 percent drop in Chinese shipments to the U.S. during the month, according to the data released Friday. This was compounded by a 1.1 percent drop in China’s global exports in October compared to a year earlier, the weakest since February, following an 8.3 percent increase in September.
October 2024 was a high comparable base, which sharpened the fall this year, because American firms had loaded up their inventories in anticipation of a Trump victory and a renewed trade war with China. But that frontloading of inventory is over—and it spells bad news for China in the coming months.
(Excerpt) Read more at msn.com ...
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UNEXPECTEDLY???
I GOT A GRADE SCHOOL EDUCATION IN A ONE ROOM SCHOOL.
I SAW THIS COMING
Bkmk
“ This was compounded by a 1.1 percent drop in China’s global exports in October compared to a year earlier, the weakest since February, following an 8.3 percent increase in September.”
So, exports are up 7%, year-on-year, for September/October. Doesn’t look too bad. I wish my income rose by that much over last year.
Made me laugh. Most politics is actually common sense. This stuff isn’t rocket science
In 2024 the China surplus with the US was $360B.
In 2024, China’s GDP was $18.77 Trillion. This was 5% growth over 2023.
If the US erased its trade deficit with China by 100%, completely ended the Chinese advantage, this would be
$360 B / $18.77 T = 1.9% erasure from China GDP. Which would leave them with 3% growth, in that particular year, and no reason at all that 3% number might not return to 5% the following year.
No, China does not desperately need the US. This is US propaganda.
What is desperately needed are the magnets, and they were not part of the deal.
Oh and before someone starts pointing at how we’re going to produce our own magnets because $1B was handed to this company or that company, go have a look at that data.
There is ZERO reason to believe any money handed to those outfits is going to generate the sort of scale absolutely required from China in less than 10-15 yrs.
These days, politics is all about emotion, on both sides.
Source of those stats? Laughable. China’s GDP is about $9trln and their debt to GDP is about 400% or more. Their economy is based on real estate not exports and their RE market is in ruins. You spout Chinese propaganda and complain that the numbers out of the US are propaganda. Loser.
The data:
Magnets are made from various materials, including:
Manufactured:
1. Permanent magnets like NdFeB (neodymium-iron-boron) which are made of neodymium, iron, and boron.
2. Alnico magnets, which consist of aluminum, nickel, and cobalt.
3. Ferromagnetic materials such as iron, cobalt, nickel, and alloys of rare earth elements (mainly neodymium and samarium).
Natural:
Magnetite is a mineral that naturally exhibits magnetic properties. Magnetite can be found worldwide, but some areas are more abundant. China has the most reserves, but Australia and Canada are a close second. Vast deposits of Magnetite can be found in Nunavut, Faraday Township, Hastings County, Ontario, and Outaouais, Québec, Canada.
The US is the second-largest producer of rare earth elements, primarily from the Mountain Pass mine in California. While the US has robust mining capacity, it still relies on China for much of the downstream processing, though efforts are underway to expand domestic refining and separation capabilities. To find its own nickel, lithium and more the U.S. is now using AI to find its mineral rich deposits. New technologies from a number of companies are searching. Kobold Metals, VerAI and a startup called Earth AI are in a race to get the metals to market as soon as possible. Earth AI combines AI-powered mineral discovery software with proprietary drilling technology. Its data goes back 50 years. New technologies from a slew of companies might be changing the game.
The reason why China exports the rarest Earth minerals is they don’t mind the environmental damage cheap production makes.
That's why Trump went to China in order to beg them for rare earths, more precisely, PROCESSESED rare earths. China put us on probation for one year with the deal with the right to withdraw at any time if we don't behave ourselves.
I asked an AI for China’s GDP. It went out and profiled lots of websites and picked which to use, or average or whatever.
Your $9T number for China GDP came from where?
It’s even more. This paste also from AI, which cited Worldometer. To which I went to find their source, which said
China’s nominal GDP is estimated at $19.4 trillion for 2025, ranking it second globally in nominal terms.
This represents a significant increase from previous years, with the country’s GDP reaching $17.795 trillion in 2023, a 0.49% decline from 2022.
When measured by purchasing power parity (PPP), China’s GDP was $41.02 trillion in 2025, placing it first in the world.
The country’s economic growth is projected at 4.8% for 2025, with a GDP per capita of $13,810 (nominal) and $29,190 (PPP).
https://www.worldometers.info/about/ doesn’t look obviously biased.
Your source again?
The deal excluded export controls of March/April timeframe, and those were the magnets. The deal encompassed RE materials imposed early Oct in response to Trump’s ratcheting up of tariffs. Those were not the magnets.
The meeting was in Seoul, btw.
China would be insane to allow the US to have the RE magnets for essentially no payment (with that payment not being in printed dollars).
What we hear of that deal is what Bissent presented to the press. I have personally not seen any signed text.
Those are China’s official numbers. They are as reliable as Hamas’s numbers.
I lived in China for 20 years. Everything is a lie They have 23 entirely empty cities. Their shadow banking dwarfs their official banking numbers. Mainly real estate companies like Evergrand and Country Garden are bankrupt.
They are in a recession. There is no growth. Try this...
https://youtu.be/ENJIzmF3fgo?si=Vqox4AU3GLcm70rx
It’s a black box but the one thing most people agree with is that their books are so ridiculously cooked that nobody really knows. They just know it is way lower than what China says it is...
https://foreignpolicy.com/2024/03/11/china-economy-gdp-deflation-consumption/
WINNING. Respectfully China is/was really the country Trump should have been expending his tariff energy to. I don’t get slapping tariffs and allies.
Good. You went out and found some sources.
Both of which are not quoting 2024. They are quoting 2023, which still had Covid remnants in it.
Empty cities are G(ovt Spending) in the GDP equation. That’s still additive. C(onsumption) is also in the equation and one of those sources said consumption was down, presumably from 2023 data with Covid remnants. I quoted 2024 stuff because that is now available.
Be that as it may be and presuming govt numbers are not legitimate, recall that our President just fired a BLS senior official for not providing numbers he wanted to see. There is zero reason to believe we have some monopoly on accuracy.
China’s youtubes — meaning travelers who make youtubes for a living and were passing through, do not show a country destitute and in horrible trouble.
As for govt debt to GDP being 400+%, that’s not the numbers anyone quotes. Now, there is govt debt and NON govt debt that can add up to that, one supposes, as is so with more or less everywhere. Every un-paid-off mortgage in the US would have to count. Ditto car loans. We are floating well over 100% govt debt to GDP, with our GDP numbers questionable by your criteria.
https://youtu.be/vNR9QjmhH00?t=212
https://www.youtube.com/shorts/Xv__gquQq2M
I tend to turn off the sound when I am trying to see what a traveler is seeing. Look behind him, not at him.
This does not look like a country on the verge of collapse.
One can question numbers. I do it all the time. But you didn’t really post anything that was not the opinion of one person getting published somewhere. Youtube vids are better measures. There will likely be some rural and slum ones, just as there would be for the US. But when we choose to disbelieve numbers, video is what we have.
Chuck Fina
That young American sellout dude is a paid by CCP influencer to spread CCP propaganda about how amazing China is. The shots you see behind him and the female influencer are highly selective. https://www.youtube.com/watch?v=QYb0IJYdIqA
I know this via sepentenza and his China Show on you tube
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