Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

This Is Why Weakness In China Is Now Beginning To Concern The Rest Of The World

Thursday, October 13, 2016 13:23
% of readers think this story is Fact. Add your two cents. / October 13, 2016

Weakness in China is now beginning to concern the rest of the world.

Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness:  The September Chinese trade data was very disappointing. Exports in dollar terms fell 10% y/o/y, three times more than expected and they also fell by 5.6% in yuan. Imports fell by 1.9% y/o/y vs the forecast of a rise of .6%. They did though rise 2.2% in yuan terms. The sharp drop in exports brought their trade balance to a 6 month low. In dollars, exports fell across the world. They were down 8% to the US, 10% to the EU (and 11% to the UK), 7% to Japan, and 11% to the rest of Asia. China’s demand for commodities still remains pretty healthy however. In volume terms, the import of iron ore was the 2nd highest level ever. Crude oil imports were also the 2nd highest on record and up 14% ytd y/o/y. Copper imports moderated to the lowest since February ’15 but on a ytd y/o/y basis they are still up 12%.

Bottom line, weak global trade should be a surprise to no one but this certainly highlights it in bold lettering. We saw the WTO say this just a few weeks ago:


The post This Is Why Weakness In China Is Now Beginning To Concern The Rest Of The World appeared first on Silver For The People.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.